IBM (IBM) to Acquire Flash Memory Maker Texas Memory Systems
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Price: $206.99 -0.8%
Overall Analyst Rating:
NEUTRAL (
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Dividend Yield: 1.9%
Revenue Growth %: -5.3%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 1.9%
Revenue Growth %: -5.3%
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IBM (NYSE: IBM) has entered into a definitive agreement to acquire Texas Memory Systems (TMS), a leading developer of high-performance flash memory solutions. TMS is a privately held company based in Houston, Texas.
Financial terms of the deal were not disclosed.
TMS employs approximately 100 people. The deal is expected to close later in 2012.
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Financial terms of the deal were not disclosed.
TMS employs approximately 100 people. The deal is expected to close later in 2012.
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