Micron Technology, Inc., (NYSE: MU) and Lexar Media, Inc., (NASDAQ: LEXR) today announced that they have entered into a definitive agreement for Micron to acquire Lexar in a stock-for-stock merger. Under terms of the agreement, each outstanding common share of Lexar will receive 0.5625 shares of Micron stock. Micron anticipates issuing shares in exchange for 81.6 million Lexar shares outstanding. Additional Micron shares will be issued upon the exercise of assumed stock options.

The acquisition will strengthen Micron's position in the NAND flash business and enable the company to deliver innovative NAND flash solutions from design, development and manufacturing to marketing and sales of products to worldwide consumers and device manufacturers. The merger is designed to combine Micron's technology and manufacturing leadership in NAND flash memory with Lexar's leadership in NAND controller and system design technology, brand recognition and retail channel strength to create a vertically integrated entity fully focused on the NAND business.

"With this acquisition, Micron will have a complete package of NAND memory solutions for our customers," said Steve Appleton, Micron chairman, CEO and president. "Together with our NAND designs, technology, manufacturing capability and distribution channels, Micron is in a strong position to serve the flash storage requirements of consumer electronics and enterprise customers."

"Through this acquisition, we expect to better align Lexar's cost structure with business conditions and increase our development and go-to-market scale in order to compete more effectively," said Eric Stang, Lexar chairman, CEO and president. "By merging with Micron, Lexar can achieve significant cost synergies and become better positioned to satisfy customer needs and establish faster growth, especially in new emerging mobile handset and solid-state computing businesses. We view this as an exciting opportunity for our company and its shareholders."

The transaction is subject to regulatory review, Lexar stockholder approval and other customary closing conditions. Completion of the merger is expected by the end of the third calendar quarter. Upon closing, Lexar, as a continuing entity, will become a wholly-owned subsidiary of Micron, and Lexar's stock will cease trading on the NASDAQ stock market.

Lexar is a leading marketer and manufacturer of NAND flash memory products including memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets. The company holds over 94 issued or allowed controller and system patents, and licenses its technology to companies including Olympus Corporation, Samsung Electronics Co., Ltd., SanDisk Corporation and Sony Corporation. Lexar sells its memory cards worldwide and through an exclusive agreement, also sells memory cards under the Kodak brand. Headquartered in Fremont, Calif., Lexar has operations in countries around the world. More information is available at www.lexar.com.

Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components, and memory modules for use in leading-edge computing, consumer, networking, and mobile products. Micron's common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.

Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. Lexar and the Lexar logo are trademarks of Lexar Media, Inc. All other trademarks are the property of their respective owners.

This press release contains forward-looking statements that involve risks and uncertainties concerning Micron's proposed acquisition of Lexar Media, Inc., Micron's expected financial performance, as well as Micron's strategic and operational plans. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed; the reaction of customers of Micron and Lexar to the transaction; Micron's ability to successfully integrate Lexar's operations and employees; and general economic conditions. In addition, please refer to the documents that Micron and Lexar file with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K. The filings by each of Micron and Lexar identify and address other important factors that could cause their respective financial and operational results to differ materially from those contained in the forward-looking statements set forth in this press release. Micron and Lexar are under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT

Micron and Lexar intend to file with the SEC a prospectus/proxy statement and other relevant materials in connection with the proposed acquisition of Lexar by Micron pursuant to the terms of an Agreement and Plan of Merger by and among Micron, March 2006 Merger Corp., a wholly-owned subsidiary of Micron, and Lexar. The prospectus/proxy statement will be mailed to the stockholders of Lexar. Investors and security holders of Lexar are urged to read the prospectus/proxy statement and the other relevant materials when they become available because they will contain important information about Micron, Lexar and the proposed merger. The prospectus/proxy statement and other relevant materials (when they become available), and any other documents filed by Micron or Lexar with the SEC, may be obtained free of charge at the SEC's web site at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Micron by contacting Micron Investor Relations, Kipp Bedard, 208-368-4465. Investors and security holders may obtain free copies of the documents filed with the SEC by Lexar by contacting Lexar Investor Relations, Diane Carlini, (510) 580-5604. Investors and security holders of Lexar are urged to read the prospectus/proxy statement and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger.

Micron, Steven Appleton, Micron's Chairman, Chief Executive Officer and President, and certain of Micron's other executive officers may be deemed to be participants in the solicitation of proxies of Lexar stockholders in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Mr. Appleton and certain of Micron's other executive officers in the solicitation by reading the prospectus/proxy statement when it becomes available.

Lexar, Eric Stang, Lexar's Chairman, Chief Executive Officer and President, and Lexar's other directors and executive officers may be deemed to be participants in the solicitation of proxies of Lexar stockholders in connection with the proposed merger. Such individuals may have interests in the proposed merger, including as a result of holding options or shares of Lexar common stock. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Mr. Stang and Lexar's other directors and executive officers in the solicitation by reading the prospectus/proxy statement when it becomes available.

美光科技公司（Micron Technology, Inc.）（纽约证券交易所：MU）和莱克沙媒体公司（Lexar Media, Inc.）（纳斯达克股票代码：LEXR）今天宣布已经进入达成美光科技公司以换股的方式收购莱克沙媒体公司相关协议的最后阶段。根据该协议的有关条款，莱克沙媒体公司的每股流通普通股将兑换0.5625股美光科技公司的股票。美光科技公司预计发行股票，来兑换莱克沙媒体公司8160万股流通股。美光科技公司的其他股票将按照承担股票选择权的具体操作来发行。

此次收购将加强美光科技公司在NAND闪存领域的地位，使得公司可以向全球的用户和设备制造商发布从设计、开发和制造到产品营销和销售的创新NAND闪存解决方案。此次合并旨在把美光科技公司在NAND闪存方面的技术、生产方面的领先地位与莱克沙媒体公司在NAND控制器与系统设计技术、品牌信誉及零售渠道结合起来，创建一个全部以NAND业务为重点的垂直整合企业。

美光科技公司董事长、首席执行官兼总裁Steve Appleton说：“通过此次收购，美光科技公司将拥有一个针对我们客户的完整NAND内存解决方案包。把我们的NAND设计、技术、生产能力以及分销渠道相结合，美光科技公司处于一个非常卓越的位置，来满足消费电子及企业用户对闪存的需求。”

莱克沙媒体公司董事长、首席执行官兼总裁Eric Stang说：“通过此次收购，我们期望能够更好地把莱克沙媒体公司的成本结构与商业条件相结合，加强我们的发展，扩大产品走向市场的范围，以便更加有效地参与竞争。通过与美光科技公司进行合并，莱克沙媒体公司可以实现意义深远的成本协同，并处于一个更加有利的位置来满足用户需求，特别是在新兴的手机及固定计算业务方面实现更加快速的成长。我们视这是我们公司及公司股东获得的一个令人激动的机会。”

此次交易要得到监管机构的审查批准，获得莱克沙媒体公司股东认可，还要符合其他特别成交条件。预计，此次合并将于第三季度完成。在交易完成后，莱克沙媒体公司作为一个持续经营的实体，将成为美光科技公司的一个全球资子公司，莱克沙媒体公司的股票将在纳斯达克股票交易市场上停止交易。

莱克沙媒体公司是一家领先的闪存产品营销商和制造商，这些产品包括内存卡、USB闪驱、读卡器，以及针对数字摄影、消费电子、工业及通信市场上的ATA控制器技术。公司拥有超过94项已公布或认可的控制器及系统专利，向包括奥林巴斯株式会社（Olympus Corporation）、三星电子有限公司（Samsung Electronics Co., Ltd.）、SanDisk公司以及索尼公司（Sony Corporation）在内的诸多公司许可技术。莱克沙公司在全球并通过一个专门的协议销售其内存卡，还以柯达（Kodak）为品牌名销售内存卡。莱克沙媒体公司总部位于加利福尼亚州的弗里蒙特，在全球范围开展业务。欲了解详细情况，请登陆网站 www.lexar.com 。

美光科技公司是全球先进半导体解决方案的领先提供商之一。凭借其遍布全球的业务，美光科技公司生产和销售应用于技术一流的计算、客户、网络及移动产品中的DRAM、NAND闪存、CMOS图像传感器、其他半导体部件以及存贮模块。美光科技公司的普通股股票以MU为代码在纽约证券交易所（NYSE）上市交易。欲了解更多有关美光科技公司的信息，请访问公司网站：www.micron.com 。

Micron和Micron环形标识是美光科技公司的商标。Lexar和Lexar标识是莱克沙媒体公司的商标。其他所有商标分别属于其各自所有者。

本新闻包含一些前瞻性声明，这些前瞻性声明包含了有关美光科技公司提议的对莱克沙媒体公司的收购、美光科技公司预期的财务业绩以及美光科技公司的策略及经营计划的风险和不确定性因素。实际情况或业绩可能会由于一些风险和不确定性因素，而与本新闻所描述的情况或业绩产生重大差异。其中潜在的风险和不确定性因素包括此次交易不能完成或交易完成被推迟的可能性、美光科技公司及莱克沙媒体公司用户对此次交易的反应、美光科技公司成功兼并莱克沙媒体公司业务和雇员的能力、整个经济环境。另外，请参考美光科技公司和莱克沙媒体公司提交给美国证券交易委员会有关10-K、10-Q和8-K表格的文件。美光科技公司和莱克沙媒体公司所提交的文件都鉴定和说明了其他可能会引起它们各自财务及运营业绩与本新闻中提到的前瞻性声明所述的财务及运营业绩产生实质性区别的一些重要因素。美光科技公司和莱克沙媒体公司在本新闻发布后不承担更新这些前瞻性声明以与实际业绩相一致的义务。

其他有关此次合并的信息及获取方式

美光科技公司和莱克沙媒体公司打算按照由美光科技公司、美光科技公司全资子公司March 2006 Merger公司与莱克沙媒体公司达成的《合并协议和计划》有关条款规定，向美国证券交易委员会提交一份招股说明书/代理声明，以及其他与提议的美光科技公司收购莱克沙媒体公司相关的材料。该招股说明书/代理声明将通过电子邮件发给莱克沙媒体公司的股东。强烈要求莱克沙媒体公司的投资者和证券持有人在收到该该招股说明书/代理声明及其他相关材料时要予以认真阅读，因为这其中包含有关美光科技公司、莱克沙媒体公司以及该提议合并的重要信息。该招股说明书/代理声明及其他相关材料（在它们公布时），以及美光科技公司和莱克沙媒体公司提交给美国证券交易委员会的其他文件可在美国证券交易委员会网站 www.sec.gov 上免费获取。另外，投资者和证券持有人可以联系美光科技公司投资者关系部的Kipp Bedard，电话：208-368-4465，免费获取美光科技公司提交给美国证券交易委员会的文件副本。投资者和证券持有人可以联系莱克沙媒体公司投资者关系部的Diane Carlini，电话：(510) 580-5604，免费获取莱克沙媒体公司提交给美国证券交易委员会的文件副本。强烈要求莱克沙媒体公司的投资者和证券持有人在收到该该招股说明书/代理声明以及其他相关材料时要予以认真阅读，然后再对此次提议的合并进行投票或作投资决定。

美光科技公司、美光科技公司董事长、首席执行官兼总裁Steven Appleton以及美光科技公司其他一些执行官可能被认为参加了与此次提议合并相关的莱克沙媒体公司股东的征求委托书事宜。投资者和证券持有人可以在获得该招股说明书/代理声明时进行阅读，了解更多有关在该征求委托书中Appleton先生及其他某些美光科技公司执行官的姓名、关联事项及利益的详细情况。

莱克沙媒体公司、莱克沙媒体公司董事长、首席执行官及总裁Eric Stang以及莱克沙媒体公司其他总监及执行官们可能被认为参加了与此次提议合并相关的莱克沙媒体公司股东的征求委托书事宜。此类个人可能对该提议的合并感兴趣，包括因此拥有莱克沙媒体公司普通股优先权或莱克沙媒体公司普通股股票。投资者和证券持有人可以在获得该招股说明书/代理声明时进行阅读，了解更多有关在该征求委托书中Stang先生及其他某些莱克沙媒体公司总监和执行官的姓名、关联事项及利益的详细情况。

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