Micron will issue 140 million shares to Numonyxs investors — Intel Corp., STMicroelectronics NV and Francisco Partners — according to a statement yesterday. Boise, Idaho-based Micron will also give as many as 10 million additional shares to Numonyx shareholders if a decline in the stock price pares the deals payout.
The transaction vaults Micron into the market for Nor-type flash chips, which go into mobile phones. Chief Executive Officer Steve Appleton is using the acquisition to lessen the companys dependence on personal-computer memory and step up competition - - - - >

The top court said that ex-Samsung chief Lee Kun-hee was not guilty, reiterating a judgment made by the Seoul High Court last year. The charges had stemmed from long-standing allegations of dubious financial transactions in the larger Samsung Group conglomerate.
Samsung has been engulfed in legal uncertainty in recent years and the decisions are likely to help remove some of that burden. Samsung Electronics Co., the groups flagship corporation, has been without a chairman since Lee stepped down last year after being indicted on tax evasion and breach of trust charges.
Samsung Group comprises dozens of companies. Besides - - - - >

Sony, which makes Bravia flat-panel TVs and Cyber-shot digital cameras, also said Thursday it is closing three plants in Japan this year to help turn its business around. That brings the total number of factories it is closing globally to eight by the end of March 2010. It is also in the midst of cutting 16,000 workers from its payrolls.
Hit by dropping sales and the strong yen, Sony lost 165 billion yen in the January-March quarter, compared to a 29 billion yen profit for the same period the previous year.
Sony joins a string of other big Japanese corporate names, including - - - - >