           |
| HostMan.biz - WebSite Hosting Directory - Web Host Reviews - Hosting Companies - Web Hosts Plans | |||
| WebSite Hosting | UK Hosting | Best Hosting | Web Design | Dedicated Servers | Web Hosting Canada | Business Address | Webmaster | |||
| |||
| |||
| |||
| HostMan.biz - news | |||
 | |||
|
Seagate to buy Maxtor for $1.9 bln in stock.
2005-12-22, HostMan.biz Seagate Technology on Wednesday said it would buy smaller rival Maxtor Corp. for $1.9 billion to gain market share and bolster its No. 1 position in the notoriously cutthroat hard disk drive market. Seagate Chief Executive Bill Watkins said the company pursued the all-stock deal, priced at a 60 percent premium to Maxtor's closing share price on Tuesday, to get Maxtor's customers, not to acquire a specific technology. "We want to buy their customer base, their revenue stream and layer it over our manufacturing process," he said in a telephone interview. The deal would give Seagate, which makes disk drives for Microsoft Corp.'s Xbox 360 gaming console as well as for personal computers, a more than 40 percent share of the disk drive market. It currently has about a 30 percent share. The transaction, at least in the short term, could actually benefit Seagate rival Western Digital Corp., because customers are wary of giving too much business to one disk drive company, one analyst said. Western Digital has about 16 percent of the global market for disk drives. "They could see some additional business," said American Technology Research analyst Shaw Wu. "I would not be surprised to see some of those customers shift some of their business." With the proposed acquisition, Seagate is not moving into a hot new growth market where it hadn't been before. Maxtor's strength is in providing disk drives for workhorse desktop personal computers used by businesses. Analysts have said Maxtor, which has about 12 percent of the market, was losing market share to competitors such as Seagate and Western Digital in consumer electronics, one of the fastest-growing businesses for computer storage companies. |
|||
Hosting Glossary ASP (Active Server Pages) | Auto Responder | Bandwidth | CGI, CGI-BIN | Colocation | Domain Name | E-mail | FTP | POP3 E-mail | IP Address | Name Server | Server Side Includes (SSI) | Spam (Spamming) | |
| Webmaster Resources |
| New York | Web Hosting Forums | Review Hosting | Web Hosting Blog | Web Hosting | Hosting in Europe |
| Unix Hosting | Windows Hosting | Budged Hosting | Reseller Hosting | Shared Hosting | Decicated Hosting |
|
Webmaster Resources | Contact Us |
| © HostMan.biz, Hosting Directory since 2003 |
Four Star Rating