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Thread: Seagate to buy Maxtor for $2 billion

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    HEXUS webmaster Steve's Avatar
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    Seagate to buy Maxtor for $2 billion

    According to The Inquirer, the WSJ has an article stating that hard drive giant Seagate will pay $1.9bn to take over another hard drive giant, Maxtor.

    Seagate sits as the top manufacturer, with Maxtor in third and Western Digital sandwiched between them. What will the takeover mean for Seagate's competitors? An announcement of the takeover is expected at some point today.
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    Oooooh...

    very interesting indeed. I wonder if seagate if this goes throuhg would keep the "maxtor" name or just merge into one super big HDD company

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    HEXUS webmaster Steve's Avatar
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    There are a numerous things they could do. They could keep things almost as they are now.

    Or, they could use the Seagate brand for enterprise stuff and Maxtor for home/SOHO.

    Regardless, this could be very interesting.
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    my only concern is that R&D for two competing companies now becomes one, at a time when HD tec really should be advancing past its current limitations, I spose I could always look on the bright side and assume it will kick the market into a frenzy. Just that HD tend to be the slowest performance factor in a high perf machine nowdays

  5. #5
    Mike Fishcake
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    Oh god... Does this mean Maxtor drives are going to improve or Seagate ones are going to turn shyte?

    I really, really don't like Maxtor HDs.

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    HEXUS webmaster Steve's Avatar
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    Seagate just issued a press release which I'm going through now.
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    I never liked Maxtor drives either and I've had one go wrong again on me recently but thankfully I was able recover the data.

    Hopefully it's a win-win situation for both companies but I doubt I'll buy another Maxtor branded drive ever again, hehe.

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    Syn
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    The HD industry is the slowest industry when it comes to releaseing new technology. I hope that this deal will make those two companies release some really great HD asap. I mean in last year or two they released SATA2, NCQ, and bigger buffer size all which on overall are useless and provide marginal performance increase. I hope that this deal makes them work much harder and try and stick to Moore's Law like CPU's do. We need better HD's i mean our super fast PC's are now having to wait for HD's to read and write the data which is just not right.
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    Nothing runs like a Deere cotswoldcs's Avatar
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    This will make Seagate a very dominant member in the marketplace with a significant share of the hard disk market. I'm not sure that this will be good news for end users such as ourselves although I can't say I shall be sad to see the end of Maxtor.

    Let's hope that Seagate honour the warranties of Maxtor products.

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    The all stock transaction will see Seagate acquire all of Maxtor, with Maxtor shareholders receiving .37 shares in Seagate for every Maxtor share they own. The $1.9bn transaction has been approved unanimously by the boards of both companies.

    The two companies will continue to operate as individual entities until some time in the second half of 2006. Once the deal comes to a close the two companies will become a combined company.
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    Quote Originally Posted by cotswoldcs
    Let's hope that Seagate honour the warranties of Maxtor products.
    I don't think there's any doubt that they'll do that. However, I wonder if they will do advance RMA or not...
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    Time for Walkies... Atomic's Avatar
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    Quote Originally Posted by Steve
    I don't think there's any doubt that they'll do that. However, I wonder if they will do advance RMA or not...
    Hope they do. That has been so useful for us at work.

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    Have to say that my experience of Maxtor drives (and that of a lot of the people who frequent the DVdoctor hard drives forum) is rather different from those being voiced here.

    And people do also seem to appreciate (understandably) Maxtor's advanced-replacement scheme for those times when things do go wrong.

    Now if the subject were the reliability of IBM drives (click-of-death; click-of-death!) I'd definitely have some horror stories to tell (I can look around now and see a pile of dead 'uns).

    But not Maxtor. I've generally found them to be reliable and quiet - and this is over a good few years.

    That said, I've been happy with the few Seagate drives I've bought, too, and that seems to be true for a quite a few people I know, too.

    That being so, I can conceive of worse company marriages - but what I'm less sure of is quite how this will impact on the wider market, on pricing, and on the range of products (and warranties) that the new, bigger, Seagate will be making.

    I'd presume (perhaps stupidly) that Seagate would want to continue using the Maxtor brand - why waste all that brand-building money that Maxtor has spent over the years?.

    But all too often, such take overs are the outward sign of massive corporate egos and not necessarily, indicative of ultra-sharp business decisions, so quite how branding (and many other issues) that pans out remains to be seen.

    Bob

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    Senior Member Tobeman's Avatar
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    Sextor?

    Sorry on lowering the mood of this thread I currently have both a Seagate and a Maxtor SATA drive, I've never had a Maxtor of my own fail on me, but I know many who have and many at work that do so. My Seagate is considerably quieter too.

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    Just seen on the Reg....jesus never thought this would happen......interesting tiems ahead now....



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    One of my old hardware jobs involved mass replacement of faulty HDD's
    Unbelievable amount of Fujitsu's, followed by IBM's. A few WD's and Seagates, but no Maxtors. Personally I have had WD and Seagate HDD's fail but no Maxtors.
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