Saturday, July 23, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Verizon Closer To Yahoo Deal
Lite-On Expands Its SSD Storage Manufacturing
Samsung Sues Huawei
Facebook's Aquila Maiden Flight Is A Reality
ASML Makes Progress on EUV
Google Keeps The Lead Pack In Federal Lobbying Expenditures
NVIDIA Titan X Video Card Coming in August For $1200
Shuttle Launches New Fanless Intel Skylake U Platform Media Players
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 > 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 Unveils 10TB hard Drive Portfolio
Seagate Ups Q4 Outlook, Cuts 6500 Jobs
Seagate To Axe 1,600 Employees
Hitachi Hard Drives Remain The Most Reliable, Report Found
Seagate Now Shipping 10TB Helium Enterprise Drive
Seagate Launches 'Innov8' USB-Powered Desktop Hard Drive
Seagate Demonstrates 10GBps SSD Flash Drive
Seagate Now Shipping 7mm 2TB Mobile Hard Drive
Seagate Unveils 10TB Helium Enterprise Drive
Seagate Launches 8TB NAS HDD
Seagate Launches World's Thinnest 2TB Mobile Hard Drive, New Lacie And Porche Design Desktop Drives
Seagate And Newisys Demonstrate Flash Storage Architecture Capable Of 1TB/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 .