In the quarter, NAND Flash revenues were down 12% sequentially on an 11% drop in sales volume, a drop the company blamed on a one-time increase in volume in Q3 from the sale of work in process inventories resulting from the restructuring of the IM Flashjoint venture with Intel.
Despite generating just a fraction of Intel's sales, Intel's NAND flash memory business--a joint venture with Micron--will weigh on Intel's first-quarter profits, thanks to a worldwide glut of NAND memory (see "Memory Problems For Intel").
Considering that Toshiba, Seagate and Western Digital are all in the SSD business I expect to see more interaction and joint development of HDD and flash products in future industry offerings.