Seagate to buy Maxtor for USD 1.9 billion

Author: Rodrigo Chia Date: December 21, 2005 - 7:13 AM PST Category: Storage More Info: http://www.seagate.com/cda/newsinfo/newsroom/releases/article/0,,2924,... Real-time pricing for Seagate ST3146855LC Seagate Cheetah 15K.5 146 GB 15000 RPM Ultra320 SCSI 16MB Cache 3.5 Inch Internal Bare Drive ST3146855LC SY1188173 Electronics Used and New Amazon: $278.71 A Matter of Fax: $480.80 Seagate has reached a deal to acquire rival Maxtor for approximately USD 1.9 billion in stock. The resulting company is expected to save around USD 300 million annually in operating costs after the first year of integration. Maxtor had been losing money in four of the last five quarters. Barring problems with regulators or shareholders, the acquisition should be completed during the second half of 2006, with Seagate executives running the company from there on. Print Version | Send to Friend | Bookmark Article | Comments (1)

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	Seagate ST3146855LC Seagate Cheetah 15K.5 146 GB 15000 RPM Ultra320 SCSI 16MB Cache 3.5 Inch Internal Bare Drive ST3146855LC SY1188173 Electronics Used and New Amazon: $278.71 A Matter of Fax: $480.80