Monday, May 04, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Galaxy S6 Smartphones Have Memory Leak Problems
Cry Engine, Final Fantasy Direct X 12 Demos Impressed BUILD
Telecom Companies Seek Stay of FCC's Internet Regulations
Seagate Combines Cloud Storage Systems, High Performance Computing and Electronic Solutions Groups
Microsoft Releases Windows 10 for IoT Devices
LinkedIn Sees Slow Growth
Mozilla To Deprecate Non-Secure HTTP Sites
AMD Delays CrossFire Freesync Update
Active Discussions
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
Optiarc AD-7260S review
cdrw trouble
burning
 Home > News > PC Parts > Seagate...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 29, 2014
Seagate to Acquire LSI's Flash Businesses


Seagate is trying to enter the PCIe market and strengthen its SSD controller capabilities with the acquisition of LSI's flash business from Avago Technologies.

Seagate and Avago have entered into a definitive asset purchase agreement under which Seagate will acquire the assets of LSI's Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago for $450 million in cash.

The acquisition providing Seagate with Enterprise PCIe flash and SSD controller capabilities to deliver solutions for the growing flash storage market.

LSI?s ASD business, which is the second largest player in the PCIe flash space, offers an enterprise-grade PCIe flash solution focused on the cloud and hyperscale markets. LSI's FCD business, led by its SandForce SF2000 and SF3700 controller products, is driving a multi-product SSD roadmap.

In fiscal 2015, Seagate would expect the combination of its enterprise SSD product line and these SSD Controller families to generate revenues of at least $150 million and be slightly accretive to the company gross margin with operating margin headwind of $30 to $40 million. As Seagate drives operational synergies and leverages its SSD technology into its product portfolio, the company would expect the operating margin contribution from its SSD business to be neutral to positive in fiscal 2016 and beyond.

The transaction is expected to close in the third quarter of calendar year 2014, subject to the satisfaction of customary closing conditions and the receipt of certain regulatory approvals.

Avago Technologies had completed its acquisition of LSI Corporation in an all-cash transaction valued at approximately $6.6 billion earlier this month.




Previous
Next
Google To Block Malicious Chrome Extensions        All News        DISH To Start Accepting Bitcoin
Phablet Shipments Bite IDC's Tablet Projections for 2014     PC Parts News      ADATA Relases SP910 and SP900 SSDs

Get RSS feed Easy Print E-Mail this Message

Related News
Seagate Combines Cloud Storage Systems, High Performance Computing and Electronic Solutions Groups
Seagate Collaborates With CERN Openlab To Develop Its Breakthrough Kinetic Storage Platform
Micron, Seagate Announce Alliance on Solid-state Drives
HGST Hard Disks Top Reliability Tests
Seagate Unveils New Cloud, Wireless and Portable hard Drives At CES
New Seagate NAS HDD Solutions For Small And Medium Businesses
Seagate Shifts Economics of Cloud Computing With New 4TB Kinect HDD
Seagate Reports 1Q 15 Profit
Seagate Announces New Cloud, Storage Services
Seagate Ships First 8 TB Hard Drives
Seagate Launches Channel On Roku
Seagate Delivers New Network Storage Portfolio

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 .