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Western Digital buys Komag

by on29 June 2007


Disk drive industry consolidates


    There are signs that the disk drive industry is consolidating further after Western Digital agreed to buy component maker Komag.The deal is for about $1 billion in cash and comes amid a sharp fall inprices in hard-drives.

Komag warned that revenue for the second quarter will be down at least 30 percent from the first quarter.

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