Thursday, December 22, 2005
Seagate to buy Maxtor for $1.9 Billion
Posted by Chris Gohlke in "HARDWARE" @ 06:00 AM
"Seagate Technology said Wednesday it will buy rival computer disk-drive manufacturer Maxtor Corp. for $1.9 billion in stock, aiming to cut combined costs and drive development of new products. Analysts have said Maxtor has been losing market share to competitors like Seagate and Western Digital Corp. in consumer electronics, one of the fastest-growing businesses for computer storage companies."
Number one Seagate is gobbling up number three Maxtor and taking a bigger lead over number 2 Western Digital. Hard drives have for the most part become commodity items, so this is a pretty logical course of action to allow Seagate to increase its efficiency and maintain a leadership position.
Number one Seagate is gobbling up number three Maxtor and taking a bigger lead over number 2 Western Digital. Hard drives have for the most part become commodity items, so this is a pretty logical course of action to allow Seagate to increase its efficiency and maintain a leadership position.
