News - Samsung and Seagate announce disk drive strategic alliance

[HEXUS]

Seagate gets Samsung’s HDD business and other goodies for $1.375 billion.

Read more.

[CAT-THE-FIFTH]

Looks like Samsung is going to own around 10% of Seagate now:

http://www.ft.com/cms/s/2/8f12a5da-6...#axzz1JxuYxJiN

Looks like I will be looking at the Western Digital hard drives now! Samsung drives were great for SFF PCs due to their relatively low noise and operating temperatures!

[Scott B]

Looks like Samsung is going to own around 10% of Seagate now:

http://www.ft.com/cms/s/2/8f12a5da-6...#axzz1JxuYxJiN

Looks like I will be looking at the Western Digital hard drives now! Samsung drives were great for SFF PCs due to their relatively low noise and operating temperatures!

From the piece: "The $1.375 billion payment is comprised of half cash and half stock. Stock to the value of $687.5 million apparently amounts to 9.6 percent percent of Seagate. This is enough to get Samsung a seat on the Seagate board."

[CAT-THE-FIFTH]

From the piece: "The $1.375 billion payment is comprised of half cash and half stock. Stock to the value of $687.5 million apparently amounts to 9.6 percent percent of Seagate. This is enough to get Samsung a seat on the Seagate board."

Sorry about that!! I missed that you had mentioned that in the article.

[watercooled]

Hmm this is something I didn't expect - I though the current big HDD names would remain as-is. I wonder if we will still get Samsung branded HDDs?

[Irien]

Sigh. Samsung were our "go to" brand of hard drive, given the crap that was latterly Maxtor and the subsequent merging/polution of Seagate. Who knows what you'll be getting with future Seagates, so WD becomes the only other realistic choice

[watercooled]

Every bare drive I've bought until now has been a Samsung - not out of brand loyalty/fanboyism or anything, just I've done research and ended up with a Samsung every time.

[Terbinator]

If Apple do sue Samsung looks like they will need some extra cash from somewhere.