M-Systems

growth-positive

M-Systems has experienced significant growth, with its shares rising to $70 per share, a 20-fold increase over the past year. The company successfully issued 2.45 million shares at $68.25 per share, raising $167 million. This growth is attributed to partnerships with major companies like Microsoft, which plan to incorporate M-Systems flash-memory chips into various devices. Despite not turning a profit since 1992, the company is nearing profitability, with revenues climbing significantly. Giza and Templeton funds, early investors, have realized substantial returns on their investments. M-Systems products have gained market share from competitors like Intel and AMD, though its focus on flash-memory technology could pose risks if new technologies emerge.