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[Bit-tech] Samsung looking to sell hard drive business?

post #1 of 127
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Quote:
Samsung is reportedly looking to selling off its hard disk division, according to the Wall Street Journal, which claims to have spoken to a source familiar with the matter.

The site's source claims that Seagate is a potential buyer of the division, and that Samsung is looking to sell its apparently loss-making hard drive business for $1.5 billion, although it will consider a deal under $1 billion.

If this happens, the move would see the world's number of hard disk manufacturers reduced to just three. Western Digital has recently acquired Hitachi Global Storage and Fujitsu, meaning the only other independent hard drive manufacturer is now Toshiba.
Source
post #2 of 127
Please god no.
post #3 of 127
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post #4 of 127
NOOOOOOOOOOOO!!! WHAT THE HELL!?!?

Their Samsung Spinpoint F3 and F4 were selling so well. Why are they doing this? Overnight, they turned into one of the best (if not the best) Hard Drive manufacturers and now, suddenly, they're leaving.

Who is the moron in management?
    
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post #5 of 127
The Samsung F3's were a nice mainstream HDD , Its a pity that there will be less competition in the mechanical hard drive market. Nonetheless mechanical will be phased out and Solid State will be the new thing.
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post #6 of 127
This sure would help Seagate keep up with the Jones' aka Western Digital after the latter acquired Hitachi's HDD side of the business.
Quote:
Originally Posted by AusPC View Post
Nonetheless mechanical will be phased out and Solid State will be the new thing.
Not for a long while yet.
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post #7 of 127
Quote:
Originally Posted by AusPC View Post
The Samsung F3's were a nice mainstream HDD , Its a pity that there will be less competition in the mechanical hard drive market. Nonetheless mechanical will be phased out and Solid State will be the new thing.
In 5 years, minimum. SSDs are too expensive for the grand majority of people. They have been ever since they started being sold in retail. 3-4 years ago. We keep getting promises of lower prices, but it's just not "there" yet. I'll buy a 64GB high-performance SSD when it costs ~$80.
    
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post #8 of 127
Well that's unexpected... though Seagate picking up the division wouldn't be, since Samsung did the NAND and controllers for Seagate's enterprise SSDs.
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post #9 of 127
i wouldnt mind WD buying them out. but please not seagate. they will just **** it all up like they always do
post #10 of 127
Surprised to hear it was losing money. Still have my Samsung 1TBs and they're working like a champ.
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Overclock.net › Forums › Industry News › Rumors and Unconfirmed Articles › [Bit-tech] Samsung looking to sell hard drive business?