Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 30 August 2007 08:19

Seagate won't sell to a Chinese firm

Written by David Stellmack

Image

No grounds for such speculation


It appears
that Seagate is quite sensitive to any suggestion that they have been approached by a Chinese firm reportedly interested in buying Seagate. According to various reports that were said to have appeared in the New York Times, Chief Executive William Watkins was said to have indicated in an interview that a Chinese technology firm had made an overture to Seagate.

Seagate issued a public statement saying that what Watkins was expressing is that there was a growing interest in the disk drive technology business from firms in China, Japan, and Korea which have made disk storage a national agenda. Seagate was clear in the statement saying “Just to be clear, Seagate has not received such an offer and we are not trying to sell the company”.

Seagate is the largest among the hard drive disk manufacturers after buying Maxtor. The nearest competition is from rival, Western Digital, who recently attempted to firm up their position by buying Komag earlier this year. While hard disk drive profits have been on razor thin margins as of late, many analysts are suggesting that due to all of the hard drives that will be sold in the fourth quarter of this year in consumer electronics devices, hard drive makers could see some rebound in their profit margins.

The consumer electronics market has become quite a battle ground for hard drive manufacturers as of late because of devices such as DVRs and gaming consoles that are using hard drives. Hard drive manufacturers have been waiting for this market to become more lucrative and all of the development of hard drives targeted for this market space is finally paying off. While it is said that the consumer electronics market for hard drive will never surpass the traditional computer market for hard drives, it is finally starting to do the kind of volume that hard drive manufactures have been waiting for.

Read more here.

Last modified on Thursday, 30 August 2007 10:48
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments