As of today it's official, Samsung is out of the hard drive business and significantly richer as a result. Samsung reportedly hoped to pull in $1.5 billion but was willing to entertain offers below $1 billion. Turns out the company didn't have to, as Seagate stepped up to the plate with a $1.375 billion offer, half of which it will pay in cash and the other half in stock. Samsung will also receive a 9.6 percent stake in Seagate, but there's more to this deal than hard drives, cash, and stock.
So long as hard drive makers continue to push the envelope with smaller form factors, there's no need to go tearing up a perfectly good pair of jeans with a bulky external hard drive. Enter Seagate, which today announced the availability of its new GoFlex Slim portable drive. This 2.5-inch HDD comes in a shell that's just 9mm thick, which is just barely more than an iPad 2 and skinnier than an iPhone 4.
Seagate this morning announced a slew of new enterprise storage solutions, covering all the bases in the process. These include two new members to Seagate's performance-oriented Pulsar solid state drive (SSD) family, two next generation Savvio 15K and 10K hard drives, and a high capacity Constellation ES.2 3TB HDD.
Seagate's pitching its new 3TB Barracuda XT hard drive as an easy-cheesy way to add oodles of storage to your system, even if you're rocking a legacy OS like Windows XP. Same holds true for anyone saddled with a non-UEFI BIOS, which at this stage is pretty much everyone. So how exactly does Seagate slip past the 2.1TB barrier that would normally throw a wrench into such setups? Answer's after the jump.
Western Digital and Seagate have been jockeying for the top spot in the global hard drive market, and the two swapped places in 2010. According to data provided by The Information Network, Seagate's market share dipped from 31.2 percent in 2009 to 29.9 percent in 2010, while Western Digital went from 29.6 percent to 31.4 percent in the same time frame. Hit the jump to find out how WD managed to leapfrog Seagate, and how the rest of the HDD market is shaping up.
Chalk up another milestone for Seagate, which this week announced it has shipped over 1 million self-encrypting laptop and enterprise hard drives. Seagate's hunch that there's a market for HDDs with built-in encryption so far seems to be spot on, and it hasn't hurt that these drives have managed to win U.S. government certifications. And thanks in part to computer makers like Dell, Fujitsu, Hitachi, IBM, and others stepping on board, Seagate said its enterprise SED shipments have tripled over the two quarters, while its laptop SED shipments have doubled in the past three years.
Everyone, from your dad to your boss to Mama Microsoft, tells you “back up your files.” But what’s the best way to protect your collection of digital music, photos, videos, downloads – and your operating system? To answer that question, we ventured out on a long, test-heavy trail to find the “Ultimate Backup.” Here’s what we found.
Seagate's new Constellation.2 hard drive is the world's first 2.5-inch enterprise-class HDD to boast 1TB of storage capacity, the HDD maker announced today.
"Data center managers continue to seek out more efficient storage technologies without sacrificing performance, while still meeting capacity growth requirements," said John Rydning, research director for IDC . "Reaching the 1TB capacity in a small form factor design gives IT managers more options to meet capacity requirements with efficient storage platforms. IDC expects the use of capacity-optimized drives like Seagate’s 1TB Constellation.2 to increase by more than 50 percent from 2010 to 2014."
Also available in 250GB and 500GB capacities, the Constellation.2 series comes with 6Gb/s SATA or 6Gb/s SAS interface options, as well as a Self Encrypting Drive (SED) option for enhanced security, Seagate says.
The Constellation.2 series will appear in Dell systems later this month.
In some alternate universe, perhaps Western Digital is able to acquire Seagate and instantly more than double its hard drive sales. But in this one, Seagate ultimately scoffed at WD's takeover proposal, or so that's the story "two people with knowledge of the matter" say, according to a Bloomberg report.
The sources say WD was willing to fork over anywhere from 10 percent to 50 percent mor than TPG Capital, another firm that unsuccessfully tried to acquire Seagate. When news of WD's proposal hit the news wire, Seagate's stock surged 7.2 percent. So why didn't Seagate bite?
Both companies declined to comment, but the general consensus is that such a mega-deal would have sparked an antitrust investigation. On top of that, some management personnel would likely have lost their jobs.
Seagate's market value currently sits at about $6.9 billion. Western Digital, despite reporting lower sales than Seagate, is worth about $8 billion.