Seagate Technology Inc. predicted long-term changes to the disk-drive industry because of the catastrophic flooding in Thailand, which the company said will extend the drive shortages that have boosted its own pricing and bottom line. ❋ Don Clark (2012)
In a deal that caps a wave of consolidation and will create a dominant supplier of computer disk drives, Western Digital Corp. agreed to buy Hitachi Ltd.'s disk-drive business for about $4.3 billion in cash and stock. ❋ Don Clark (2011)
Since April 2002, when the acquisition of the disk-drive unit was first announced, Hitachi's shares are down 45%. ❋ James Simms (2011)
But the move comes amid continued pressure in the disk-drive business, which has long been marked by boom-and-bust cycles and sharp price declines. ❋ Don Clark (2011)
That's because many companies don't want to rely on a single supplier for too large a share of their disk-drive supplies. ❋ Don Clark (2011)
But Western Digital , the industry's No. 1, saw its shares jump as much as 19% Monday after announcing it would buy rival Hitachi 's disk-drive business. ❋ Rolfe Winkler (2011)
Such agreements "are new to the disk-drive industry and represent a structural change to the way we do business," said Steve Luczo , Seagate's chief executive officer, in a conference call following the company's earnings announcement. ❋ Don Clark (2012)
Rival Western Digital climbed 2.91, or 8.3%, to 38.04 after the disk-drive maker reported higher research and development expenses and lower margins, although shipments rose. ❋ Jonathan Cheng (2011)
The disk-drive unit was formed after the Japanese company in 2003 paid about $2 billion for the hard-drive business of International Business Machines Corp. ❋ Don Clark (2011)
But it's unlikely TPG and its partners could pull off such a number, given the cyclical nature of the disk-drive industry. ❋ Gina Chon (2010)
For Seagate, which has led the disk-drive business for much of its existence, the deal with Samsung could help counters the recent rise of rival Western Digital Corp. The Southern California-based company last year eclipsed Seagate to take the top spot in global shipments, and then moved to cement its leadership in March with a $4.3 billion cash and stock deal to buy Hitachi Ltd.'s drive business. ❋ Don Clark (2011)
Analysts have argued that the shift to three remaining large suppliers—with the combination of Toshiba Corp.'s disk-drive business with Fujitsu Ltd.'s making up the trio—would create long-term price stability the segment has long lacked. ❋ Don Clark (2011)
Western Digital agreed to buy Hitachi's disk-drive business for $4.3 billion in cash and stock, a deal that will create a dominant supplier of computer hard drives. ❋ Unknown (2011)
Samsung Electronics agreed to sell its disk-drive business to Seagate Technology for $1.38 billion in cash and stock in a data-storage alliance. ❋ Unknown (2011)
Honda Motor Co., Ford Motor Co., computer chip and disk-drive makers trimmed production after flooding swamped Thai factories and key suppliers. ❋ Chester Dawson (2011)
The deal would consolidate the three biggest players in the disk-drive industry into two, amid a slowing PC market and increased popularity of disk-drive-free tablets like the iPad. ❋ Donna Kardos Yesalavich (2011)
In addition, many components companies also have suspended operations, hurting other disk-drive makers. ❋ Shara Tibken (2011)
The company expects the overall PC market to experience "continued headwind" from the disk-drive shortage over the year, and its graphics business to gain market share. ❋ Don Clark (2012)
Moreover, the disk-drive industry is a cyclical one that periodically suffers from excess capacity. ❋ Gina Chon (2010)
Seagate Technology PLC agreed to buy Samsung Electronics Co.'s disk-drive business for $1.38 billion in cash and stock, in a data-storage alliance between the companies that could cap a consolidation wave in the industry. ❋ Don Clark (2011)
[Mate] did you [disk drive] her.
Yeah i couldn't stop i was going [so hard] ❋ Skradragons (2017)
