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Atmel corp sells network storage unit to MoSys

Dumping its staff onto MoSys as well


Atmel Corporation announced has it has sold its network storage operations, transferred its operations and its intellectual property rights to MoSys Inc.

Atmel is a producer of systems-on-chip for network storage devices and HD DVD applications.

The terms of the sale were not disclosed, but Atmel did issue a statement that its employees would become MoSys employees

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