The mechanical hard drive sector has been consolidating rapidly to help combat the rise of SSD’s, and as of today we officially have one less player. Seagate has succeeded in acquiring a controlling share of LaCie stocks, although they may end up paying slightly more than the €4.05 per share that they initially disclosed. Assuming Seagate manages to accumulate a 95 percent share in the company, the price could jump to €4.17, but this will also net them full control over their French rival.
Here's an interesting tidbit for those Maximum PC readers who were wondering why the two biggest players in mechanical hard drives have yet to seriously jump into the SSD waters: OCZ's shares are currently spiking after insider rumors claimed that Seagate and Micron are considering buying out the company.
Seagate's getting into the SSD business, and it's doing so by converting coal into diamonds. Yesterday, Seagate inked a deal with DensBits, which has an SSD controller that it says can dramatically improve the speed and longevity of NAND flash memory -- basically making fairly low-quality SSDs into average-quality SSDs. Seagate bought an undisclosed stake in DensBits and together, they hope to bring "low-cost, high-performance" SSDs to both consumers and corporate buyers.
Solid state drives don’t just “sort of” speed up your boot drive, the difference is literally night and day. Anyone who has spent any amount of time with a machine equipped with one will tell you it’s hard to go back to using a mechanical drive, but that doesn’t have Seagate worried. Forbes had an opportunity to sit down with CEO Steve Luczo this week, and he makes a pretty compelling argument as to why the mechanical hard drive industry has nothing to fear from SSD to makers, at least for now.
Seagate has become the first hard drive maker to achieve a storage density of 1 terabit (1 trillion bits) per square inch, the company said Monday. It managed this feat using a next-generation recording technology called heat-assisted magnetic recording (HAMR). The company foresees 3.5-inch hard drives based on this technology reaching “extraordinary” storage capacities over the next decade. Hit the jump for more.
A new year means a fresh start, and a fresh start entails putting 2011's skyrocketing HDD prices behind us, right? Not quite. Seagate released its quarterly financial results yesterday, and although the report left investors cheering -- Seagate pocketed $3.2 billion in revenue despite last year's catastrophic floods -- things are looking a bit bleaker for end users. Seagate fully expects the hard drive shortage to continue until the end of 2012 as manufacturers struggle to catch up to consumer demand.
Seagate Technology, the world's largest maker of hard disk drives (HDDs), provided preliminary financial results for its fiscal second quarter ended December 30, 2011, a quarter which ended a week and a half after closing the acquisition of Samsung's HDD business. The results were better than anticipated and Wall Street investors took notice.
Seagate on Monday officially closed the deal to acquire the hard disk drive (HDD) business of Samsung for $1.4 billion, a transaction that was first announced in April 2011. Under terms of the agreement, Seagate gains select elements of Samsung's HDD division, including assets, infrastructure, and employees. Among the assets is Samsung's M8 product line of high-capacity, 2.5-inch HDDs.
Western Digital and Seagate are leaders in mechanical hard drives to be sure, but I think we can all agree this time they are leading the industry in a very negative direction. Back in 2008 Seagate lowered the standard HDD warranty from 5 years to 3, and as expected, just about everyone followed suit shortly after. Now they are dropping the coverage period on some products to as little as one year depending on the model.
It seems like every time we touch on the topic of hard drives lately, it's always bad news related to the recent flooding in Thailand. Ready for a change of pace? Good, because that's what you're getting today. Instead of news of more shortages and rising prices, we've now learned that hard drive volumes in the first quarter of 2012 will increase by several million units, decreasing the supply gap "significantly."