Electronic Memories will merge with Titan.

Electronic Memories & Magnetics, Encino, said it entered into a definitive merger agreement with Titan Systems International. Under terms of the merger agreement--which will be accounted for as a pooling of interest--EMM will issue about 4.3 million common shares to Titan stockholders and will reserve an additional approximately 1.7 million common shares to cover existing Titan options and other commitments. It is anticipated that the transaction will be completed in May. Gene W. Ray, president of Titan, will become the president and chief executive officer of EMM after the merger.