Monday, March 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Now Offers A Gmail For Android Users
Jay-Z Challenges Launches Updated Tidal Music Service
Apple Offers Trade-in Program For Android, Blackberry And Windows Phones
Kingston Releases New USB 3,0 Media Reader
Amazon Starts Offering Home Services
Alibaba Signs Deal With BMG
GIGABYTE Releases ARM Server Solutions
ASUS Transformer Book Chi Available for Preorders
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 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 Listed In Nvidia's Chip Providers
Samsung to Bring Microsoft Services on More Devices
Samsung Expands Its Lineup of Curved Monitors
Samsung Demonstrates Enterprise Platforms at CeBIT 2015
Samsung Strengthens Its SSD Business With New Apple Macbook Deal
WD Delivers New 6 TB 3.5-Inch HDD for Datacenters
New LaCie Porsche Design Mobile Drive Has USB-C Reversible Connector
Samsung Expands Digital Display Portfolio with YESCO Electronics Acquisition
Samsung Lost Top Position to Apple in Q4's Global Smartphone Market
Samsung Releases New Image Sensor and NFC IC For Mobile Devices
Crafted from Metal and Glass, Samsung Galaxy S6 and Galaxy S6 Edge Are Here
Samsung Says Semiconductor Technology Can Easily Scale Down to 5nm

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .