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

Thursday, November 6, 2014

6:48 am | LG’s Unique Ultra-Wide Curved 34” Display Finally Hits the Market. LG 34UC97 Available in the U.S. and the U.K.

Wednesday, October 8, 2014

8:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture