Seagate agrees to buy Samsung's drive business

[Steve R Jones]

Seagate agrees to buy Samsung's drive business | Deep Tech - CNET News
Seagate has agreed to acquire Samsung's hard drive business for $1.375 billion in a deal that gives Samsung a 9.6 percent stake in the hard-drive specialist and that forges an alliance for the new era of flash memory storage.

The companies announced the deal today, a new step in the steady consolidation of a major part of the computing industry. Last month, Western Digital signed a deal to acquire Hitachi's hard-drive unit for $4.3 billion, thereby vaulting it over Seagate to become the largest hard drive maker. Seagate's deal today would reduce the market to just three main players, the two hard-drive specialists and Toshiba.

Oh boy - one stop shopping?!?!?

[nemowolf]

yay for capitalism!

[GroundZero3]

Last month, Western Digital signed a deal to acquire Hitachi's hard-drive unit for $4.3 billion

OH GOD NO!!!! I love Hitachi drives noooooooooooooooooooooooooooooooooooooooooooooo

[Steve R Jones]

And I like WD drives... If we mate the two we'll get twice the capacity

[-FMA]

:/

And I loved the Samsung drives. In recent years I've started to like them more than Seagate.

I'm not happy about this.

[ShyguyXPC]

:/

And I loved the Samsung drives. In recent years I've started to like them more than Seagate.

I'm not happy about this.

Same here.



Hope this doesn't drive up HDD costs too much with the 2 lesser competitors out of the picture now.

[no1_vern]

ER, my sarcasm meter needs tuning. Sorry.

[osprey4]

Samsung becomes the latest to bail out of a dying industry.

[ShyguyXPC]

Under today's deal, Segate will pay $1.375 billion, half stock and half cash, to Samsung. Seagate will supply Samsung with hard drives for its computers and consumer-electronics products, while Samsung will supply Seagate with flash memory for business-grade solid-state disk (SSD) storage products, the companies said.

Flash-based drives are a major trend in the computing industry, offering advantages in performance, power consumption, ruggedness, and silent operation. However, the cost per gigabyte is considerably higher for flash storage. Samsung is one of the world's largest manufacturers of flash memory.

Didn't read this part fully the 1st time, but from the sound of it Samsung Hard drives will still be around, but more or less for Corporate/Server customers, or possibly regular consumers Samsung branded but made by Seagate? Not sure if I read that right or not?

[-FMA]

Same here.



Hope this doesn't drive up HDD costs too much with the 2 lesser competitors out of the picture now.

That's what I'm thinking. I'm loving how cheap HDD's are. I would like this trend to continue. And hit the SSD market too. :P

[ShyguyXPC]

On the plus side, it might mean in the coming months there might be a supply of discounted Samsung and Hitachi drives on Newegg or Geeks.com and elsewhere, buy up some additional regular drives for extra storage or whatever.