DailyTech - Seagate may consider making more acquisitions

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Hardware Seagate may consider making more acquisitions
Michael Hoffman (Blog) - January 5, 2006 11:55 PM

5 comment(s) - last by whymeintrouble.. on Jan 8 at 2:39 PM

Seagate has not ruled out the possibility of acquiring more companies in the future

Seagate made a blockbuster move when it announced plans to purchase rival hard drive manufacturer Maxtor for $1.9 billion. CEO Bill Watkins announced that Seagate will continue to search for more companies to acquire in the future. On the top of the list of potential targets are software companies and companies that integrate different software and chip technologies into hardware systems. Seagate, with its acquistion of Maxtor, now owns more than 40 percent of the hard drive market.

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monopoly

By Missing Ghost on 1/8/2006 1:11:19 AM , Rating: 2

This is bad for the industry and the consumer

RE: monopoly

By whymeintrouble on 1/8/2006 2:39:42 PM , Rating: 3

just to inform all the uninformed, Maxtor was/is having money troubles. Not to say they were going bankrupt, but they were not in good shape. Instead of saying this is something bad, why not say it is good. first of all, Seagate has a 5yr warranty on their internal drives, maybe this will become standard for Maxtor now too. this will end up being a wait-and-see proposition. lets hope good things come of it.

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