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Lexar Media
built 661 days ago
Lexar Media is banking on a digital picture being worth more than a thousand words. The company designs and markets memory cards and connectivity products (USB flash drives) for the digital photography, consumer electronic, and communications markets. Lexar's products (which are made by third parties) are sold mostly in the US (which accounts for more than half of sales), as well as in Japan, Korea, the UK, Europe, and Canada. Customers include retailers, OEMs, and licensees. Lexar has a licensing agreement with Kodak to make and distribute Kodak-branded memory cards. Micron Technology bought Lexar in mid-2006 for about $850 million.
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Lexar Media is a leading marketer and manufacturer of NAND flash and DRAM memory products under the Lexar and Crucial brand names. Lexar ... sells flash memory products under the Kodak brand. For more information about Lexar, visit www.lexar.com. For more information about Crucial products, visit www.crucial.com, www.crucial.com/uk or www.crucial.com/eu. Lexar Media, Inc. is a subsidiary of Micron Technology, Inc., and Lexar Media is a division of Micron Europe Limited, a division of Micron Semiconductor Asia Pte. Ltd., and a division of Micron Japan, Ltd.
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Lexar Media intends to incorporate PowerToGo into its line of JumpDrive products. PowerToGo will let users install and run many Windows applications from their Lexar JumpDrive. Additionally, PowerToGo provides the security of a private session by knowing no trace of files is left behind on a workstation when the drive is removed. The PowerToGo solution will be available on most JumpDrives starting in spring of 2006.
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FREMONT, Calif.—(BUSINESS WIRE)—January 2, 2008— Lexar Media, a leading global provider of memory products for digital media, today announced its line of Crucial solid state drives (SSD). Crucial SSDs are more durable, require less power, and offer greater overall system performance than traditional hard disk drives. The SSDs will be available in capacities of 32GB and 64GB in an industry standard 2.5-inch drive enclosure with an industry-leading native SATA 3.0Gb/s interface. Additionally, Lexar Media will offer the Crucial SK01 external drive kit and various online customer tools -- including the Crucial SSD Advisor tool, the only tool of its kind on the market today -- available at www.crucial.com/ssd or www.crucial.com/uk/ssd. Product availability is expected in Q1 2008.
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Lexar Media - one of the most prominent players in the USB flash drive arena - has announced today that Micron Technology has acquired the company in a stock-for-stock merger for $688 million. Under the definitive agreement, each outstanding common share of Lexar will receive 0.5625 shares of Micron stock.
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Micron Technology, Inc. and Lexar Media Inc. have reached a definitive agreement for Micron to acquire Lexar in a stock-for-stock merger. Under terms of the agreement, each outstanding common share of Lexar will receive 0.5625 shares of Micron stock. Micron anticipates issuing shares in exchange for 81.6 million Lexar shares outstanding. Additional Micron shares will be issued upon the exercise of assumed stock options.
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Lexar Media