Sandisk buys Msystems for $1.55 billion
By Ryan Block 
posted July 31st 2006 2:44AM
posted July 31st 2006 2:44AM
Far be it from us to assert that Sandisk's acquisition of Israeli Msystems is a bit, shall we say, ridiculous in figures, but hey, the deal did got done. Sandisk handed over $1.55 billion wholly in stock to Msystems in exchange for their business; the firm will become a wholly owned subsidiary, and will presumably keep on doing that think they've been doing (like creating the U3 with Sandisk not so long ago). Not really a whole lot to see here otherwise though, just thought you might like to know since that's such a mighty huge number for to acquire an ally.[Thanks, Jake]
M-Systems did mostly OEM stuff, pioneers in a lot of the flash memory catagory and they also did some sort of optical solution a few years back but I haven't heard much about that since. I have an early PCMCIA flash drive and an IDE flash drive from them. Both still working fine.
Sandisk did it for M-Systems R&D department.
I guess someone washed a hell lot of money there :)
Dammit!!!! I just sold truckloads of that stock!!!!
msystem is the one whos DOC (diskonchips) are on almost every HTC device including the Universal device which I have (it has a DOC G3 128MB)