Seagate buying Maxtor...

[blazn]

just seen this reported on cnbc... seagate is buying maxtor for $1.9B in an all-stock deal... seagate was already the largest disk manufacturer, now controlling maxtor, seagate is truly a tech giant... as we all know seagate makes great hd drives with maxtor not far behind making this move wise and potentially very profitable... buy seagate stock!
http://news.google.com/news?q=seagate+b...l=en&lr=&c2coff=1&sa=N&tab=nn&oi=newsr

edit: oops, belongs in news forum...

 

[GamerExpress]

Belongs in Off Topic, Repost too. Sorry, I am not the Forum Police, and it is still an interesting story

 

[n7]

I just hope they don't continue making Crapxtor drives.

This is one purchase i don't mind.

 

[Mem]

I just hope they don't continue making Crapxtor drives.

This is one purchase i don't mind.

I hope it stops the Maxtor xxxx threads.

 

[corkyg]

That would leave only three mainline HDD makers - Hitachi, WDC, and Seagate. Who loses? The consumer! Less competition.

As for the stock - STX currently is rated as a "strong buy" by many analysts. The P/E is about 10.65 - not too bad. It is right now over $20/sh. If the acquisition is approved, it will probably drop.

Is this a hardware thread? Only remotely.

 

[LED]

Payback to Maxtor who boughtout My favorite HD's @ the time...Quantum!

 

[drum]

i've got a fireball in my rig right now!

 

[LED]

Originally posted by: drum
i've got a fireball in my rig right now!

Best damn HD in it's time...back then it was the only ones that could run 41.5 and be stable when us OCers need something to run @ 83FSB