Samsung Looks to Sell off its Hard-Drive Division
Samsung Looks to Sell off its Hard-Drive Division
Posted 04/17/2011 at 1:49pm
| by Justin Kerr
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Competition in the hard drive sector has done wonders for consumer pricing, but it’s about to take a toll on another supplier. According to Reuters Samsung is looking to exit the spinning disk sector by selling off the losing division as soon as possible. Sources quoted by the newspaper claim they are hoping to rake in as much as $1.5 billion from the sale, but might be willing to entertain bids as low as $1 billion if necessary.
Speculation as to possible suitors pretty much starts and ends with Seagate since Western Digital is in the early days of their merger with Hitachi. Western Digital by comparison paid about $4.3 billion for Hitachi, however Hitachi had a much larger share of the market to back up the price. Samsung still has a very robust component business including memory chips and flat screens, however it never seems to have established itself in the hard drive sector.
Neither Samsung or Seagate have made any official comment on the matter, but expect to hear more in the coming weeks.
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Kaze
April 17, 2011 at 11:37pm
LOL didn't read the part that WD is already weakened due to the aquisition of Hitachi. Bet they are kicking themselves in the butt right now, as Samsung has a whole, competent and quite healthy SSD division
avenger48
April 18, 2011 at 5:16am
This sale doesn't include that division, though. Just standard magnetic disc HDD's.
devastator_2000
April 17, 2011 at 8:50pm
Bummer. I have 2 of there 2 TB drives and they work perfectly.
Trooper_One
April 18, 2011 at 12:19pm
I have a couple of Samsung 500 MB for a few years and they still work fine. (at the time when I bought them, they were $25 cheaper than WD).
szore
April 17, 2011 at 5:55pm
Yes, I bought 4 of the Samsung 1.5 TB discs for my D drive RAID array 2 years ago. I never had a problem with them.
wcj786
April 17, 2011 at 5:08pm
I bought 8 of their 5400rpm 2TB drives for a RAID 5 and have been using them for one year. They have not had any issues and I am very sad to see them selling their HD division. Samsung would have been my only company for HDD's in the future.
I look forward to seeing if they produce SSD's and how well they perform.
chipmunkofdoom2
April 17, 2011 at 4:02pm
That's a damn shame. The only hard drives I have ever bought were Samsungs. Great reliability, better than average performance, and always quieter than other drives I've had in my system from other manufacturers. If they were cranking out duds, I could understand this.. but it just doesn't make sense when I've had nothing but good experiences with their drives.
Fecal Face
April 17, 2011 at 8:29pm
Your comment made me instantly think of this: http://www.meh.ro/wp-content/uploads/2010/11/meh.ro5961.jpg
Bravo sir
Keith E. Whisman
April 17, 2011 at 2:37pm
I hope not, I actually like the Spinpoint F1 series. They had the first real 1TB and 1.5TB drives that were worth their salt. I really hate seeing an innovative company call it quits like this. Maybe if they are going to start producing SSD's that would be good. The Samsung execs must be drunk on Kimchi or something.
Caboose
April 18, 2011 at 9:44am
Damn straight. THe Spinpoint drives were rock solid! Hitachi drives were damn good too. Its a shame that they're going to Western Digital...
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