Intel (INTC) unveiled their new phase change memory technology at the International Solid State Circuits Conference in San Francisco. This is the Ovonic Memory technology that is owned in part by Energy Conversion Devices (ENER). Intel has figured out a way to double the capacity of the memory. Phase change will replace NOR flash memory in cell phones and computers, and it may eventually replace NAND flash memory for digital cameras and MP3 players. But I won't hold my breath on the NAND flash market, as I've been through too many of these "fabulous new memory" technologies that never could catch up to the existing technologies as they marched down the cost curve following Moore's Law. I do think that Intel will make phase change a success, and the market currently values it at zero for ENER (or maybe a little less, since it uses some cash).