Friday, February 12, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AT&T To Start 5G Trials This Year
Uber Agrees to Settle Safety Lawsuits
Google To Expand Right-to-Be-Forgotten Removals Following Pressure From Europe
Apple And At&T Sued For Infringement of Touch Feedback Patents
LG Will Not Unveil LG Pay at MWC
AMD Zen Processor For Data centers May Have 32 Cores
Quantum Break Coming to Xbox One and Windows 10 on April 5
Samsung Showcases Latest Monitors, TVs, Smartpwatch And Tablet At 2016 European Forum
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 Home > News > PC Parts > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 18, 2011
Samsung Considers Selling Its Hard-Disk-Drive Unit


Samsung may be looking to sell its money-losing hard-disk-drive business for $1.5 billion, the Wall Street Journal reported on Sunday.

The newspaper, citing a person familiar with the matter, reported that Samsung would use proceeds from the sale to invest in new, higher growth areas. While it would likely seek $1.5 billion, it might consider selling the money-losing division for $1 billion, according to the report.

One potential buyer for the hard-disk-drive business would be Seagate Technology, the paper added.

"I think it"s a plausible scenario considering the rising popularity of NAND flash chip-embedded digital devices such as tablet PCs and even smartphones," So Hyun-chul, an analyst at a local brokerage of Shinhan Financial Investment told The Korean Times today.

Samsung has not commented on the report yet.

The S. Korean company has struggled in the hard-disk-drive business, which has become even more competitive with Western Digital's plan to buy Hitachi's hard-disk-drive unit (Hitachi GST) for $4.3 billion.

Samsung failed to meet expectations, tentatively reporting lower profits in the first quarter (Q1) this year. The company announced that it will invest $20 trillion into new businesses by 2020. In this context, selling the HDD unit could be one way to raise cash for new businesses.

Samsung's abandoning of the hard disk drive business could also make room for the rise of next-generation storage devices called solid-state drives (SSDs).

Samsung has been reportedly shipping SSDs to Apple, though the company has not officially confirmed it.

Samsung is a second-tier player in the hard disk drives industry with market share at around 10 percent after Western Digital and Seagate, according to market research firms.


Previous
Next
Mitsubishi Launches 5-inch WVGA Color TFT LCD Module        All News        Samsung Released Firmware Upgrade For Its NX Series Cameras
Samsung to Buy Significant Stake Of Seagate, Announces HDD and NAND Storage Strategic Alignment     PC Parts News      PCMark 7 To Be Released On May 3

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Showcases Latest Monitors, TVs, Smartpwatch And Tablet At 2016 European Forum
Chip Makers Differientate In terms Of Equipment Investments
Samsung Loses Memory-Chip patent Trial Against Nvidia
768 Gbit Micron 3D NAND Is Faster Than Samsung’s 256Gb V-NAND: ISSCC
Samsung Describes Its 10nm SRAM
Samsung Galaxy S7 and S7 Edge Coming At February's Unpacked 2016 Event
LG's Home Appliances Business More Profitable Than Samsung's
Samsung Reports Drop In Profit For Q4
Samsung Said To Unveil Phone Upgrade Program
Samsung SDI to Invest In Automotive Battery Business
Samsung Gear S2 Classic New Edition Launches Globally
Court Bans Sales Of Some Samsung Phones in The U.S

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .