Featured Articles

KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Nvidia introduces five new Quadro cards

Nvidia introduces five new Quadro cards

Nvidia has revamped its Quadro professional graphics line-up with a total of five new cards, two of which are based on…

More...
AMD Tonga XT graphics cards come later

AMD Tonga XT graphics cards come later

According to sources who wish to remain unnamed, we should see an AMD Tonga XT-based graphics card launched sometime in September.

More...
Nvidia Maxwell Geforce 800 comes in September

Nvidia Maxwell Geforce 800 comes in September

Nvidia was always cautious when talking about upcoming Maxwell parts, the first of which was launched back in March and based…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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