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[Eng] Samsung sells HDD division to Seagate for $1.375 billion

post #1 of 210
Thread Starter 
Quote:
As a result, Samsung Electronics will own approximately 9.6 percent of Seagate, while the companies have further agreed to deepen their strategic relationship with related cross-licensing and supply stipulations.
http://www.engadget.com/2011/04/19/s...1-375-billion/

Seagate press release: http://www.seagate.com/ww/v/index.js...001a48090aRCRD

So it really happened. Note that previous articles speculated on the story, this is verification with an official statement, thus warranted a new thread.
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post #2 of 210
Samsung HDD's = Top Notch (IMO)
Seagate HDD's = Break. Allot.

So now what?
   
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post #3 of 210
Thread Starter 
From the press release (more important parts underlined/bolded):

Quote:
Major elements of the agreement include:
Samsung combining its hard disk drive (HDD) operations into Seagate
Extending and enhancing the existing patent cross-license agreement between the companies
A NAND flash memory supply agreement under which Samsung will provide Seagate with its market-leading semiconductor products for use in Seagate’s enterprise solid state drives (SSDs), solid state hybrid drives and other products
A disk drive supply agreement under which Seagate will supply disk drives to Samsung for PCs, notebooks and consumer electronics

Expanded cooperation between the companies to co-develop enterprise storage solutions
Samsung receiving significant equity ownership in Seagate
A shareholder agreement under which an executive of Samsung will be nominated to join Seagate’s Board of Directors
If my interpretation is correct (it's kinda late here...), this means Samsung will do all the SSD legwork, while Seagate will do normal hard disks, and neither situation is (or will be) reversed.
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post #4 of 210
Quote:
Originally Posted by chunky_chimp View Post
from the press release (more important parts underlined/bolded):
:d:d
   
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post #5 of 210
Didn't take long to go from rumor to finalized, eh. Well, back to WD HDDs for me.
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post #6 of 210
Nooooooooooooooo

Guess i will be buying WD only from now on.
    
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post #7 of 210
Quote:
Originally Posted by Somenamehere View Post
Nooooooooooooooo

Guess i will be buying WD only from now on.
This right here. Once Seagate puts their name on the drives...they'll be tainted with problems.

Unless of course, if Seagate could somehow actually produce a quality hard drive. Then we'd have at least two contenders to make decent drives (WD and Seagate).
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post #8 of 210
NOOO!!! those bastards I freaking hate seagate hard drives I have had nothing but problems from them, why in the hell would they go and screw up there lovely branded Samsung HDD name...
 
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post #9 of 210
Might have to hurry up and get me some Spinpoints before they get rebadged ><
    
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post #10 of 210
Quote:
Originally Posted by jak3z View Post
Might have to hurry up and get me some Spinpoints before they get rebadged ><
Do you think shop's will have clearances for the spinpoints?
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