Seagate

Western Digital's $4.3 billion Hitachi Deal Creates Giant
March 8, 2011

Western Digital Corp's deal to pay $4.3 billion for Hitachi Ltd's hard disk drive business will arrest a margin-slicing price war and create a global leader with the resources to develop costly next-generation storage technology.

The largest tech deal to be struck this year caps years of consolidation for a beleaguered industry that has battled persistent sales growth declines, and now faces a longer-term threat from wireless devices like Apple's iPad

Can Samsung Save Google TV?
February 27, 2011

ARM may be the only way for GoogleTV to get a foothold in the living room. In November, Bloomberg issued a report saying that Samsung was going to be building GoogleTVs, likely with Intel chips. That didn't make sense to me.  Samsung was developing its own high power chips that are almost as fast as the standard Intel Atom processors that are inside GoogleTVs, except they are based on the ARM architecture and are extremely low power and cheap to make.  GoogleTV is based on Android and Samsung's ARM chips have had a great deal of success in Android devices.

Video: Seagate's GoFlex 500
January 17, 2011

Jeff O'Heir talks to Seagate's Andy Horwitz about the new GoFlex drives, which now meet the USM standard.

Technology Takeovers May Pick Up as IBM, HP Push Into the Cloud
January 3, 2011

Technology companies that fueled more than $100 billion in acquisitions last year are likely to spend more in 2011 in a race to harness surging demand for cloud computing and security services. Intel Corp., Hewlett-Packard Co. and International Business Machines Corp. led purchases of more than 2,700 companies and still spent only a fraction of the cash piles they accumulated during the recession. The dollar amount of announced tech deals gained 12 percent, lagging behind a 26 percent jump in worldwide mergers, according to data compiled by Bloomberg. I'm bullish on 2011, said Larry Sonsini,

Seagate Turns Down Buyout Offer from Western Digital
December 3, 2010

Drive maker also rejected offers from TPG Capital Seagate reportedly turned down buyout offers from rival hard-drive maker Western Digital, according to a Bloomberg report. Sources familiar with the matter claim Western Digital offered to pay somewhere between 10 percent and 50 percent more than TPG, a company which had already offered more than $7.5 billion in an unsuccessful bid. Seagate recently suggested that it had put an end to discussions, as the value of such deals was not favorable. Western Digital reportedly made its move after Seagate publicly noted that it was considering a buyout offer from another

Seagate's Luczo Faces Waning Buyout Interest
November 22, 2010

As co-owner of an Indy Racing team, Seagate Technology PLC CEO Steve Luczo knows all about pit stops. And right now, he may be looking to give the world's largest hard drive maker a chance to refuel.

The former investment banker has been pitching a buyout for the $7 billion company in the past few months. But that effort hit the skids with Bain Capital giving him the cold shoulder just weeks after KKR balked at a pricey deal.

Seagate May Go Private
October 18, 2010

Seagate is seeking to be bought out by a private equity firm, with Bain Capital, TPG Capital and Kohlberg, Kravis Roberts & Co. among the interested parties

Seagate: Why it Makes Sense to Go Private Now
October 15, 2010

Seagate is pondering to move to go private again and the timing makes a lot of sense given the hard drive market could face a wrenching change amid the popularity of tablets.

In a short statement, Seagate confirmed reports that it may go private. The company said "it has received a preliminary indication of interest regarding a going private transaction." Bloomberg reported that TPG and KKR were the parties interested in buying out Seagate.

SED Announces 'Big Summer Giveaway' Cruise Winner
October 14, 2010

SED International Holdings, Inc. this week announced the grand prize winner in its "Big Summer Giveaway" promotion. Software Enterprises of Rowlett, TX won the grand prize four day cruise.

Hard Drive Makers Face Challenge from Tablets
October 4, 2010

Hard drive makers like Seagate Technology and Western Digital Corp could experience slower growth as more and more consumers swap PCs for tablets, but they shouldn't be counted out. With Apple's iPad and tablets from a host of others -- from Hewlett-Packard to Research in Motion -- poised to take market share from PCs in coming months, Seagate and others are scrambling to adapt to a future where fewer consumers will tote laptops, and tablets use flash memory instead of hard drives. Still all is not negative for hard drive makers