Toshiba Corp., the Japanese maker of flash-memory chips, elevators and steam turbines, posted a larger-than-expected profit because of higher semiconductor prices, a weaker yen and rising sales of power equipment.
July 19 (Bloomberg) -- Sanjay Mehrotra, chief executive officer of SanDisk Corp., talks about the company's second-quarter earnings and demand for its products. The maker of flash memory for mobile devices reported profit that topped analysts' estimates. Mehrotra speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Samsung Electronics Co. agreed to settle a patent-infringement case before the U.S. International Trade Commission over its flash-memory chips used in Apple Inc. ’s iPhone and Research In Motion Ltd .’s BlackBerry.
Fusion-io Inc., a startup that aims to replace hard drives with flash memory, hired Morgan Stanley and Goldman Sachs Group Inc. to handle its initial public offering, according to two people familiar with the matter.