Seagate to acquire Maxtor

[FragTek]

This news just released a few days ago... Thought I'd bring it to everyones attention. Both companies together should be a hopeful prospect in which we should see some of the finest hard drives ever created. Viva la merge!

Scotts Valley, CA, and Milpitas, CA, December 21, 2005 – Seagate (NYSE: STX) and Maxtor (NYSE: MXO) today jointly announced they have entered into a definitive agreement under which Seagate will acquire Maxtor in an all stock transaction. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Maxtor shareholders will receive .37 shares of Seagate common stock for each Maxtor share they own. When the transaction is completed Seagate shareholders will own approximately 84% and Maxtor shareholders will own approximately 16% of the combined company. The value of the transaction is approximately $1.9 billion

For more merger information surf over to www.seagatemaxtor.com.

 

[cmaurand]

RE: Seagate to purchase Maxtor

This news just released a few days ago... Thought I'd bring it to everyones attention. Both companies together should be a hopeful prospect in which we should see some of the finest hard drives ever created. Viva la merge!

Actually its more like harddrive industry contraction. Shortly, harddrives will be a thing of the past. Samsung has created a chip that makes 32 GB Flash RAM cards possible. They say they can get even higher numbers than that. Harddrives will be a thing of the past. No more moving parts, head crashes or speed bottlenecks cluster/block size troubles or device number limits. Your harddrive will be a flash card

Curtis

For more merger information surf over to www.seagatemaxtor.com.[/QUOTE]

 

[FragTek]

It will be quite some time before we see anything of the sort go mainstream. Hard drives will be around for a lengthy amount of time still.

 

[dude_1885]

another year or so...i doubt longer than that, cos by the time we get quad core's i dnt think hard drives will stil be used...in the future...who knows though...