Rochester, NY 8/6/2009 12:13:03 PM
After Hours - Intel Corporation, INTC - Intel Temporarily Stops SSD Sales Due to Data Loss Errors
Intel Corporation
Intel temporarily stops shipments of its new X25-M and X18-M solid state-disk drives (SSDs) soon after the company discover a problem that cause data corruption.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
The new drives were the result of a joint venture with Micron Technology and used a new 34 nanometer manufacturing process that was supposed to offer more storage density at a lower cost.
Intel said it has found the cause and a fix is under way, but it felt it best to remove unsold drives from the marketplace. "It made sense to pause shipments and implement the changes ourselves and via customers versus asking consumers to do so. Keep in mind the fix has been identified and validation is undergoing completion over the next week," said an Intel spokesman.
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
