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Intel divests flash card business

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Intel divests flash card business

Intel has sold its flash memory card business to Centennial Technologies.

Intel received 16 percent of Centennial’s outstanding shares, a note for $6 million, and $4.5 million to be paid at a later date.

Intel’s flash card plans were steamrolled by a rival technology developed by SanDisk..

The story is online at www.techweb.com.

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