New York - Sony and Samsung Electronics reported today that the firms signed a memorandum of understanding to strengthen their cooperative efforts with an initial focus on Samsung adopting Memory Stick as its flash memory card.

One of the first steps to be taken under the agreement has the companies trading information related to Memory Stick and to jointly develope Memory Stick-based products. As a starting point, Samsung said it will introduce Memory Stick adapters for its notebook and desktop computers later this year and include a built-in Memory Stick slot in its PC products in 2002.

Samsung executives said in a written statement that the company's interest in Memory Stick is based on the format's expandability and the fact that it is backed by Sony's marketing engine.

In other news Sony yesterday slashed prices on all its Memory Stick flash memory cards.

Under the new pricing scheme the price of an 8MB card is $24.95, down $5; the 16MB card goes to $34.95 from $49.95; the 32MB card is now $49.95, down $20; the 64MB card is $79.95, down from $119.95; and the 128MB card is $149.95 - a $90 discount.

The move place the proprietary Memory Stick format more in line with the prices of the competing CompactFlash, SD, SmartMedia and MMC flash memory cards.

Release Date: 
2001-08-02 20:30:00
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Abstract Web: 
New York - Sony and Samsung Electronics reported today that the firms signed a memorandum of understanding to strengthen their cooperative efforts with an initial focus on Samsung adopting Memory Stick as its flash memory card.
Article Type: 
News
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