News
 

Bookmark and Share

(8) 

Major hard drive maker Seagate Technology does not want to comment on rumored acquisition of OCZ Technology Group, but it does admit that it is interested in taking over a major manufacturer of solid-state drives with a rich portfolio of enterprise-grade SSDs. Seagate admits that there is only one company that complies to its requirements.

"We look at all technology product providers (for mergers and acquisitions), but what I would say is that on the enterprise SSDs, there is probably only one of them that really makes any significant money," said Pat O'Malley, chief financial officer of Seagate, in a conversation with Reuters news-agency.

Earlier this month it was reported that OCZ Technology Group, which supplies solid-state drives to consumers as well as to enterprise customers, including Microsoft Corp., may be acquired by Seagate Technology or Micron Technology to strengthen their SSD business units. Even though OCZ may have a number of ongoing challenges due to its rapid growth on the market of NAND flash storage solutions, it does not need to be acquired to continue its growth just now.

There are not a lot of companies successful on the market of enterprise-grade solid-state drives. Apart from OCZ, there are Fusion-io, STEC and a number of others, who ship SSDs for enterprises in volumes.

Seagate declined to comment specifically on takeover of OCZ.

 

Tags: OCZ, Seagate, SSD, NAND, Flash

Discussion

Comments currently: 8
Discussion started: 01/15/14 02:35:57 AM
Latest comment: 03/28/14 06:20:59 AM

Add your Comment




Related news

Latest News

Monday, July 21, 2014

12:56 pm | Microsoft to Fire 18,000 Employees to Boost Efficiency. Microsoft to Perform Massive Job Cut Ever Following Acquisition of Nokia

Tuesday, July 15, 2014

6:11 am | Apple Teams Up with IBM to Make iPhone and iPad Ultimate Tools for Businesses and Enterprises. IBM to Sell Business-Optimized iPhone and iPad Devices

Monday, July 14, 2014

6:01 am | IBM to Invest $3 Billion In Research of Next-Gen Chips, Process Technologies. IBM to Fund Development of 7nm and Below Process Technologies, Help to Create Post-Silicon Future

5:58 am | Intel Postpones Launch of High-End “Broadwell-K” Processors to July – September, 2015. High-End Core i “Broadwell” Processors Scheduled to Arrive in Q3 2015

5:50 am | Intel Delays Introduction of Core M “Broadwell” Processors Further. Low-Power Broadwell Chips Due in Late 2014