Ramtron Announces Divestiture of Mushkin Subsidiary

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Ramtron Announces Divestiture of Mushkin Subsidiary

Postby Apoptosis » Thu Jul 28, 2005 5:33 pm

Ramtron Announces Divestiture of Mushkin Subsidiary can be translated into Muskin being sold to it's General Manager.

For years Mushkin has had to answer to stock holders and couldn't compete with private companies like OCZ, Corsair, & Kingston because of rules and regulations. Now that Muskin has been released from Ramtron's control we should start seeing many new and innovative products from Muskin from here on out.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--July 26, 2005--Ramtron International Corporation (Nasdaq:RMTR - News), the leading developer and supplier of nonvolatile ferroelectric random access memory (FRAM) products, today announced the divestiture of its Mushkin subsidiary, which was approved by the Ramtron board of directors on July 20, 2005. The company has executed an agreement to sell the subsidiary to Mushkin's current general manager for consideration of approximately $1.8 million. The consideration provided in the sale includes, among other things, Mushkin's current accounts receivable and cash balances. The sale closed today, July 26, 2005.
In connection with the sale, the company plans to take a goodwill and long-lived assets impairment charge and an inventory provision charge totaling approximately $4.0 million during the second quarter, of which $3.8 million is expected to be non-cash.

"The sale of Mushkin allows us to dedicate 100% of our efforts to growing our semiconductor business," said Bill Staunton, Ramtron CEO.

About Ramtron

Ramtron International Corporation (Nasdaq:RMTR - News) is the leading supplier of nonvolatile ferroelectric semiconductors, including serial and parallel ferroelectric random access memory (FRAM) devices and Processor Companion devices that integrate a variety of commonly needed discrete analog and mixed-signal functions for processor-based systems. For more information, visit http://www.ramtron.com.
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Postby killswitch83 » Thu Jul 28, 2005 5:51 pm

This could play out pretty well, hopefully. Instead of answering to everyone else's demands, they can concentrate on better product, though their product is pretty outstanding as it is now. What you think, Apop?
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Postby Apoptosis » Thu Jul 28, 2005 7:03 pm

I agree 100% with you the new heat spreaders is something that can now be done that they are not publically traded and with a management/marketing team with their hands un-tied we can only wish Mushkin the best in their new ventures.
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Postby killswitch83 » Thu Jul 28, 2005 7:25 pm

Indeed, and maybe with this major shift they can start cranking out technology and mem speeds and latencies that can even rival the likes of KHX with the BH-5 chips and Corsair XMS/TwinX (would love to see them come out with ultra low latencies to couple with my DFI setup, as I'm still undecided in my memory choice for my rig). Good luck to them indeed :drinkers:
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