Back in the heady days when nanotechnology was going to allow us to regrow missing (or even extra) limbs, we seem to remember reports that MRAM going to displace hard drives starting about, er, now.
Despite the frothy predictions for nano based storage and the unremittingly upbeat market forecasts, Cypress Semiconductor has just announced the dumping of its MRAM unit as we currently have more attractive places to invest than in the capital-intensive MRAM business.
Shares in NVE , whose chances of success were described last year by Motley Fool as being somewhat murky, dropped sharply on the news.