MMC Technology and Trace Storage Technology plan to COMBINE companies – Company Business and Marketing

MMC Technology and Trace Storage Technology plan to COMBINE companies – Company Business and Marketing – Brief Article

MMC Technology, Inc. and Trace Storage Technology announced that they have signed a letter of intent to combine their assets, liabilities, and operations. Both companies design, manufacture, and sell media for hard disk drives. The completion of the transaction is dependent upon satisfactory due diligence and execution of a definitive agreement. MMC Technology is a wholly owned subsidiary of Hyundai Electronics of America.

(MMC Technology, 2001 Fortune Drive, San Jose, CA 95131; 408/232-8600)

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