Toshiba hardens SanDisk against Samsung buyout
Its being reported in the nytimes that Toshiba is buying 1 billion US of equipment from California-based SanDisk, in part helping to harden SanDisks baseline fundamentals against the takeover bid by Samsung.
Samsung is currently ranked no. 1 in the memorychip maker market, while Toshiba holds the number 2 spot. SanDisk holds a variety of important patents in the area of NAND memory, but the global consumer demand linked to the recent worldwide financial troubles have cut into its ability to secure needed financing.