EETimes: American Technology Research analyst Doug Freedman tells that Micron is re-thinking the spin-off of its Aptina unit.
"Private equity financing remains difficult to obtain," Freedman said. "In a change from the May quarter earnings call, Micron has decided to stop waiting for a planned private equity ownership of the Aptina sensor unit, and explore other opportunities to separate this non-core business. We believe that prior options are being reconsidered, including a direct path to going public."
To me, this is somewhat expected. With no clear technical leadership Aptina is competing on price with "me too" products. In such a situation it's hard to get favorable terms from VCs. I'm not sure that IPO is a good solution either.
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