Monday, May 01, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Hacker Gets Access To Unreleased "Orange Is The New Black" Netflix Episodes
Turkey Blocks Access To Wikipedia
Qualcomm Slashes Profit Expectations As Apple Refuses To Pay Royalty Payments
Kodi Clarifies DRM Stance, Shuts Down Rumors
ASML Countersues Nikon Over Alleged Patent Infringement
Image Sensors, Batteries And Playstation Boosts Sony's Profit
Cost Cuts Start Paying Off For Sharp
New Nintendo 2DS XL Gaming Handheld System Coming On July 28
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
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 And Apple Maintain Top Spots in Smartphone Market
Apple Pay, Samsung Pay and Android Pay Set To Expand This Year
Samsung's Profit At 3-year high Thanks to Strong Memory Chip Sales
Western Digital Ships Fourth-Generation Ultrastar He12 12TB Hard Drive
Samsung Develops Mobile Chip for IoT Applications, Eyes MRAM Embedded Memory
Samsung Galaxy S8 and S8+ Are Launching With Google Play
Samsung To Patch Galaxy S8 Display Issue
Galaxy S8 Materials Costs More Than Any Previous Versions, Teardown Reveals
Analyst Sees An Upcoming Galaxy Note8 With A Bigger Screen, Dual Cameras
Samsung To Start Producing Faster, 2nd Generation 10nm Chips By The End Of the Year
Samsung Galaxy Book 2-in-1 Available Next Month Starting $630
Samsung Says Galaxy S8's 'red-tinted' Display Is Not A Defect

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .