Arik Hesseldahl

Recent Posts by Arik Hesseldahl

SanDisk Acquires Enterprise Storage Player Pliant; Shares Soar

SanDisk, the flash memory producer, said today it will spend $327 million to acquire Pliant, a developer of flash-memory-based storage products for use in corporate computer systems. Shares in the company rose by $1.63, or more than 3.5 percent, to $48.13 on word of the deal, despite the fact that SanDisk said one-time items related to the acquisition will reduce its per-share earnings by as much as 3 percent in its fiscal year 2011.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work