Apple (News 
- Alert) is meeting with a flash storage company based in Israel to discuss its possible purchase for somewhere between $400 and $500 million, according to news reports.
If the acquisition of Anobit Technologies, located in Herzeliya, is successful, it would likely lead to increased flash storage for Apple’s mobile products. Apple may want to improve data storage capacity of iPads and iPhones, according to news reports.
“Anobit's attraction for Apple could lie in its manufacture of embedded flash controllers for smartphone and tablet computers, which improve the performance of device flash connectivity,” The Street reported in its analysis of the possible deal. “This might mesh well with Apple's mobile product data storage needs... Read More
