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 Message Boards » » Seagate buys Maxtor Page [1]  
ultra
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I have always been a Maxtor fan, though.

12/21/2005 6:46:46 PM

eraser
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On slashdot and Fark many hours ago ...

[Edited on December 21, 2005 at 6:49 PM. Reason : +]

12/21/2005 6:48:42 PM

ultra
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sue me

12/21/2005 6:49:10 PM

Perlith
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http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh07177_2005-12-21_10-11-37_wen6678_newsml
Quote :
"eagate says to buy Maxtor for $1.9 bln in stock
Wed Dec 21, 2005 05:11 AM ET
NEW YORK, Dec 21 (Reuters) - Seagate Technology (STX.N: Quote, Profile, Research) on Wednesday said it would buy rival computer disk-drive maker Maxtor Corp. (MXO.N: Quote, Profile, Research) for $1.9 billion in stock.

Under terms of the deal, which is expected to be completed in the second half of 2006, Maxtor shareholders will receive 0.37 shares of Seagate common stock for each Maxtor share they own. Seagate shareholders will own about 84 percent and Maxtor shareholders will own about 16 percent of the new combined company.

The combination is expected to add 10 to 20 percent to Seagate's cash earnings per share after the first full year of joint operations, Seagate said in a release.

Seagate said its executive management team will continue to serve in their current roles and the combined company will retain the Seagate name."


Maxtor buys Quantum in 2000
Seagate buys Maxtor in 2005
Who will buy Seagate?

12/21/2005 7:01:19 PM

eraser
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Western Digital - duh.

12/21/2005 7:06:55 PM

1CYPHER
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Buy up your hard disks now as prices are going to creep up a little. I can't believe the SEC is going to let this happen.

12/21/2005 7:10:34 PM

drunknloaded
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personally i've always liked seagate more than maxtor but mostly because of the 5 year warrenty that seagate gives you instead of the year that are on most maxtors

12/23/2005 10:50:36 PM

ComputerGuy
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seagate is awesome!

WD 80 gigs sucks arse

12/24/2005 12:45:35 AM

Clevelander
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^I've had my WD 80 gig SE for 3 or 4 years now. never had problems until I type this. I'll come back to Raleigh and my computer won't boot

12/24/2005 1:39:13 AM

 Message Boards » Tech Talk » Seagate buys Maxtor Page [1]  
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