HP Announces 'Memory Spots' Data Storage Chips

Jul.17.06 | About: HP Inc. (HPQ)

Excerpt from our One Page Annotated Wall Street Journal Summary (receive it by email every morning by signing up here):

H-P Devises Small Data Chip That Attaches to Most Surfaces

  • Summary: HP has developed tiny data storage chips, called Memory Spots, that hold up to 4 megabits of data, The data can be read wirelessly at 10 megabits per second by read-write devices placed within a memory of the data chip. HP predicts that Memory Spots could eventually sell for about $1, and could have application anywhere that local storage would be useful (such as hospital patients' wristbands or postcards). Though far more expensive that RFID chips, Memory Spots have better security due to the required proximity of the read-write device.
  • Comment on related stocks/ETFs: According to Creative Strategies Inc. analyst Tim Bajarin, quoted in the article, the technology is years from deployment. So no impact on HP's stock (NYSE:HPQ).