MU stock
Posted on 22 November 2005
From Reuters:
Apple uses about one-quarter of total NAND supply now under production and is expected to be the largest customer for the venture between Intel and Micron, according to ThinkEquity Partners analyst Eric Ross.
In the Intel Micron announcement, Apple said it will pay Intel and Micron $250 million each for a “significant portion” of the venture’s NAND flash memory output.
“We want to be able to produce as many of our wildly popular iPods as the market demands,” Apple Chief Executive Steve Jobs said in a statement. The company has sold more than 30 million iPods since their introduction in October 2001.
Go Micron…!
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