Sony says 50m Memory Sticks shipped
Cumulative shipments of Memory Stick media cards reached 50 million last month, as did cumulative shipments of the products supporting the format, according to inventor, Sony. With about 10 million cards and products each shipped in the past six months there needs to be a pick-up in demand if Sony is to achieve its target of 75 million cumulative shipments of both cards and products by the end of March 2004. Sony expects product shipments to rise as more mobile phones supporting the format are sold. Memory card slots are becoming a standard feature with the emergence of megapixel class camera phones that produce larger images that are inconvenient to transfer by email. Memory card shipments too are expected to increase, partly because some companies, such as Samsung, would begin manufacturing and selling the cards under their own brand name.
Motorola to spin off semi-conductor business
Motorola’s embedded and networking semi-conductor business will be separated from the rest of the company’s operations and spun off as a new entity. Motorola was considering an initial public offering (IPO) of its Semi-conductor Products Sector (SPS), chairman and chief executive officer, Christopher Galvin, said. Over the past few quarters, Motorola had undertaken a strategic review of all of its businesses, Galvin said. It has concluded that SPS would be better off on its own, and that Motorola’s existing mobile phone and other communications business would benefit from the increased attention once SPS was a separate company. SPS would be able to expand its product lines and businesses if it had access to public capital, Galvin said.