BusinessWire: Flash Memory Surges and 1999 Shipments Expected to Exceed $3 Billion, According to Cahners In-Stat Group.

For the first time in three years, flash memory market prices are increasing and Cahners In-Stat Group forecasts dollar growth of 20.9% and unit growth of 29.8% for 1999.

The flash memory market is expected to see dollar growth of 25.7% and unit growth of 19.6% in 2000, reports the high-tech market research firm.

"Flash memory consumption surged beyond all expectations in the first quarter of 1999 with Japan and Asia Pacific leading the way,'' commented Jesse Huffman, senior analyst for Cahners In-Stat Group's Semiconductor Memory Group.

" When comparing flash memory consumption for Q199 to Q498, Japan increased by 18.5 percent and Asia Pacific increased by 11.1 percent.'' The Americas increased only 5.5 percent over Q498 and Europe actually decreased 2.6 percent over the same period.