“RBC Capital’s Mike Abramsky this morning reflects on speculation reported by TechCrunch’s Robin Wauters, who cited the Israeli publication Calcalist, that Apple (AAPL) is in talks to buy component maker Anobit of Herzliya Pituach, Israel, for upwards of half a billion dollars,” Tiernan Ray reports for Barron’s. “He opines that a deal, if it comes to pass, ‘may provide meaningful long-term competitive advantages. Apple likely sees flash memory performance and speed as crucial to user experience in the post-PC era.'”
Ray reports, “ISI Group’s Brian Marshall this morning writes that a purchase at the reported price would be something of a deal, as the implied multiple is six times the amount of venture money invested in Anobit, $80 million, which would be less than the seven times multiple that SanDisk (SNDK) paid for Pliant Technology in May of this year.”
Read more in the full article here.
Apple reportedly buying Israeli flash memory company Anobit for upwards of $500 million – December 13, 2011