Elpida Plunges as Failure to Chase Smartphones Forces Bankruptcy - B...

02/28/12

Elpida Plunges as Failure to Chase Smartphones Forces Bankruptcy
BusinessWeek
28 (Bloomberg) -- Elpida Memory Inc. tumbled the most in more than seven years in Tokyo trading after a failure to embrace the global consumer shift from computers to smartphones and tablets pushed the chipmaker into filing for bankruptcy.