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SK Hynix, Inc. (HXSCL)

- OTC Markets
HXSCL is defunct.
  • May 29, 2014, 5:01 PM
    • Korea's SK Hybix (HXSCL) will be buying Violin Memory's (VMEM) PCIe server flash module product line for $23M in cash and the assumption of $500K in liabilities.
    • Violin had already stated it plans to exit the market. News of the deal comes shortly after Seagate announced it's buying Avago's PCIe/flash controller unit for $450M.
    • Violin hasn't yet moved AH following the news, and the posting of FQ1 results that included a sizable revenue miss. (PR)
    • The company hasn't provided revenue guidance. Its FY15 (ends Jan. '15) gross margin and opex guidance is being reiterated.
    | May 29, 2014, 5:01 PM | Comment!
Company Description
Currently, there's no company description for HXSCL.
Sector: Technology
Country: Korea