Originally Posted by Flying Toilet;13193736
I just hope that this is a sale based on future technologies and not as a financial safety net due to the legal issues with Apple. Regardless of your opinion on either company, if anything were to happen to their partnership it would bring about a lot of hostility in the electronics market.
Samsung has more then enough cash to fight Apple's lawsuit. Their total assets are around $300 billion and their yearly revenue is over $100 billion. Nothing's going to happen because the suit will be settled out of court most likely. Apple and Samsung rely too much on each other for business.
The reason they got rid of their HDD division is because it was losing money. The HDD division is a tiny speck in their company. They didn't have a reason to keep it around.
Samsung will still have a big influence on Seagate. They will have 10% of Seagate's stock and will have a chair on the board. Seagate will also buy nand memroy from Samsung. In the end its a smart business partnership. Samsung and Seagate both benefit from this.