Monday, April 25, 2005

Elpida Memory press release

Though this might be of interest (copied from Bloomberg.com)

April 25 (Bloomberg) -- Elpida Memory Inc., the world's fifth- largest memory-chip maker, had a fiscal fourth-quarter loss after chips prices declined more than it expected. The company also forecasts a loss for the current quarter.

Net loss for the three months ended March 31 was 1.7 billion yen ($16 million), the company said today in a statement released to the Tokyo Stock Exchange. Elpida, a venture between Hitachi Ltd. and NEC Corp., reported a 491 million yen profit a year ago.

Like Samsung Electronics Co., the world's largest maker of memory chips, Elpida is targeting high-end consumer electronics such as mobile phones and DVD recorders. Slowing demand for such products is dragging down prices of dynamic random access memory, or DRAM, chips, the company said.

This is good news for all consumers wanting to speed up there system with more RAM. MG