Flash Free-for-All?

SanDisk's purchase of M-Systems augurs more consolidation among makers of flash memory for consumer electronics

There's a special kind of memory used to store digital data in a host of devices—from cameras to music players. It's known as NAND flash, and judging from the M&A market, it's suddenly one of the hottest areas in tech. SanDisk, a company that specializes in flash-memory products for the retail market, just spent $1.35 billion for Israeli firm M-Systems, which makes storage devices for computers. That was the second deal of its kind since March. And it's unlikely to be the last.

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