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Seagate buys Maxtor for $1.9B

Posted by CmdrTaco on from the always-was-more-of-a-western-digital-man-myself dept.

groovy.ambuj writes "Reuters reports that Seagate Technology would buy rival computer disk-drive maker Maxtor Corp. for $1.9 billion. Seagate is already world's largest hard drive manufacturer and Maxtor is the third largest after Seagate and Western Digital."

12 of 458 comments (clear)

  1. Uh oh! by mister_llah · · Score: 2, Funny

    Evil empires everywhere, the market share clumps, competition lessens!

    Darth Seagate.... riiiise!

    --
    MoM++ - A Classic Expanded - [Master of Magic 1.5]
    http://mompp.sourceforge.net/
  2. Question by 0xdeadbeef · · Score: 5, Funny

    Is that like, $1.9 x 10^9 or $1.9 x 2^30?

  3. Re:lol... by unitron · · Score: 3, Funny
    "anyone else read that as Seagate buys Maxtor for $1.98 ???"

    Yeah, but that's after the rebate, if it ever arrives.

    --

    I see even classic Slashdot is now pretty much unusable on dial up anymore.

  4. Re:Dude, get over it by Zebadias · · Score: 5, Funny

    "I look at a hard drive like most people look at a roll of toilet paper. I use it, it serves its purpose, it gets discarded. The data on it, however, is nearly sacred, and I take every precaution I can afford to protect mine."

    You sir, value crap far too much!

  5. Actually by ats-tech · · Score: 5, Funny

    The purchase price was $2.9B with a $1B mail in rebate.

    1. Re:Actually by Anonymous Coward · · Score: 1, Funny
      The purchase price was $2.9B with a $1B mail in rebate.

      ...and they're counting on a certain percentage to forget to mail in the rebate.

  6. Re:Hard Drive Voodoo? by Skater · · Score: 3, Funny

    I had an ST238R fail years ago! Seagate is the suxxor!

    Just kidding. I've had quite a few brands of hard drives and that Seagate is the only one that's failed for me (and I even own a Quantum Bigfoot!), but I wouldn't have a problem buying another Seagate or other brand.

    I've discovered the way to keep a hard drive working is to back up regularly. Drives only fail when you don't have backups.

    (For any readers that don't know what an ST238 drive is...it was a 32 megabyte drive produced by Seagate back when 32 megs was the DOS upper limit. The R stood for RLL encoding, and they were also available in MFM encoding I think. Oh what a mess we weave when we amiss interleave! Or something like that.)

  7. Read the fine print by OldManAndTheC++ · · Score: 3, Funny
    "Reuters reports that Seagate Technology would buy rival computer disk-drive maker Maxtor Corp. for $1.9 billion"

    Actually it's $2.6 billion, with a $700 million rebate.

    And that puppy expires December 31, so they'd better remember to send it in.

    --
    Soylent Green is peoplicious!
  8. Re:Do you want a harddrive? by zlogic · · Score: 2, Funny

    Apple vs Mac vs *NIX/Linux

    Sure, Apple hates Mac just like Microsoft would love to fucking kill MSN!

  9. Re:Hard Drive Voodoo? by gr8_phk · · Score: 4, Funny
    "There is a reson they have a 5 year warrenty and Maxtor only has a 1 year."

    So now all the Seagate drives that failed quality control can finally be sold anyway - under the Maxtor brand.

  10. Re:Hard Drive Voodoo? by croddy · · Score: 4, Funny
    What I'd like to ask slashdot readers is for a good way to measure drive quality other than throwing down chicken bones and looking at them or reading tea leaves?

    I think the real question here is: did Seagate buy Maxtor for $1,900,000,000 . . . or for $2,040,109,465??

  11. Re:is it me? by Levetron · · Score: 2, Funny

    I thought it was:
    CVS vs. Subversion