Intel's Thinning Memory Margins

Lagging PC and consumer electronics sales due to the economic slowdown have put pressure on profits from Intel's NAND flash memory chips

It seemed like such a good idea at the time. In late 2005, Intel (INTC) announced a joint venture with Micron Technoloy (MU) to build a type of memory chip known as NAND flash, placing a big bet on a technology that's widely used in consumer electronics (BusinessWeek.com, 11/22/05). More than two years on, Intel is smarting as prices for those chips tumble.

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