Tuesday, July 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Razer Tiamat Flagship Headsets Released
Adobe Pulls Plug on Flash Player
Burn-in Warranty for Samsung QLED TV Screens Extended to 10 Years
New USB 3.2 Update Doubling Bandwidth to Extend USB Type-C Cable Performance
New Motorola Z2 Force Edition Comes With 360-degree Camera Mod
Huawei Holds First Place, Xiaomi Climbs to Fourth in Chinese Smartphone Shipments
Google Adds SOS Alerts to Search and Maps
Porsche Design's Huawei Watch 2 Costs $925
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 > Western...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 24, 2013
Western Digital to Srengthen Its Position in Enterprise Solid State Storage with the Acquisition of sTec


Western Digital and sTec have entered into a definitive merger agreement under which sTec, Inc., an early innovator in enterprise solid-state drives (SSDs), will be acquired by HGST, a wholly-owned subsidiary of Western Digital.

sTec will be acquired for approximately $340 million in cash, which equates to $6.85 per share. This represents approximately $207 million in enterprise value, net of sTec's cash as of March 31, 2013.

Stec specializes in hard drives used in servers and data centers. The pending acquisition augments HGST's existing solid-state storage capabilities, accelerating its ability to expand its participation in the area of enterprise SSDs. HGST said it remained committed to its joint development program with Intel and will continue to deliver current and future SAS-based SSD products with Intel.

sTec has intellectual property that will complement HGST technical expertise and capabilities. HGST will continue to support existing sTec products and collaborate with its customers to understand their future requirements.

Closing of the acquisition, which is subject to customary conditions, is expected to occur in the third or fourth calendar quarter of 2013.


Previous
Next
New HP Slate 21 AIO Runs Android        All News        Giada Introduces Do-It-Yourself Barebones System
New HP Slate 21 AIO Runs Android     PC Parts News      Giada Introduces Do-It-Yourself Barebones System

Get RSS feed Easy Print E-Mail this Message

Related News
Western Digital Announces Four-bits-per-cell Technology On 3D NAND
Toshiba in Talks with Western Digital, Foxconn Over Memory Unit Sale
Western Digital Responds to Toshiba's Actions
Western Digital Announces First 96-Layer 3D NAND Technology
Western Digital Launches New My Passport Ultra Drive
Western Digital Resubmits Bid for Toshiba Chip Unit
Toshiba Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix
Western Digital's SanDisk Subsidiaries Seek Injunctive Relief Against Toshiba in the Superior Court of California
Western Digital Said to Sweeten Offer For Toshiba's Memory Unit
Toshiba Buys Back Stake in Toshiba Memory Corporation to Pressure WD
Computex: Western Digital to Deliver First Client Solid State Drives with 64-Layer 3D NAND Technology
Western Digital Raises its Offer For Toshiba's Memory Business: report

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 .