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Smart Modular Technologies Inc

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BUSINESS
September 14, 1999 | Bloomberg News
Solectron Corp. said it agreed to acquire memory-chip maker Smart Modular Technologies Inc. for about $2 billion in stock. Solectron, the No. 1 manufacturing-services company for the computer and electronics industries, will exchange 0.51 of its shares for each share of Fremont, Calif.-based Smart Modular. That values Smart Modular at $37.61 a share. Smart Modular gained 81 cents to $24.31 on Nasdaq before activity in the stock was halted.
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BUSINESS
September 14, 1999 | Bloomberg News
Solectron Corp. said it agreed to acquire memory-chip maker Smart Modular Technologies Inc. for about $2 billion in stock. Solectron, the No. 1 manufacturing-services company for the computer and electronics industries, will exchange 0.51 of its shares for each share of Fremont, Calif.-based Smart Modular. That values Smart Modular at $37.61 a share. Smart Modular gained 81 cents to $24.31 on Nasdaq before activity in the stock was halted.
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BUSINESS
August 18, 1997 | From Bloomberg News
Smart Modular Technologies Inc. figured that when it built its first overseas factory, in East Kilbride, Scotland, last year it would hire some 50 workers to make computer memory modules. Today, the plant employs 100 people, working three shifts, and they're struggling to keep up with demand from local computer makers. Smart Modular has carved out a place as a key supplier of its components to makers of computer and other high-tech gear.
BUSINESS
May 23, 1998 | From Times Wire Services
Stocks fell in light trading Friday ahead of the holiday weekend as technology stocks took a hit on worries about earnings. The Dow Jones industrial average fell 17.93 points, or 0.2%, to 9,114.44, while the technology-heavy Nasdaq composite index fell 15.99 to 1,805, a decline of 0.9%. Financial markets are closed Monday for the Memorial Day holiday. Many investors had moved to the sidelines before Friday's quiet session.
BUSINESS
September 27, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
Solectron Corp. might be the most thriving high-tech firm that isn't a household name, but neither the company nor its investors is complaining. The Milpitas, Calif.-based company is the world's largest "contract" manufacturer of computers and other electronics for some of the biggest tech companies around, which then stamp their own labels on the products. Solectron's biggest customers include Hewlett-Packard Co., Cisco Systems Inc. and Sun Microsystems Inc., just to name a few.
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