“International Business Machines Corp. (IBM), following a deal to buy Texas Memory Systems Inc., vowed to continue its five-year shopping spree by acquiring more companies in the storage industry.
IBM announced the purchase yesterday of closely held Texas Memory, a designer of flash memory, without disclosing terms. The goal is to provide a more complete storage system than competitors by assembling the components through purchases of smaller companies, said Bob Cancilla, vice president for storage systems at Armonk, New York-based IBM.”
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