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Posted: Thu 19:43, 31 Mar 2011 Post subject: Western Digital to buy Hitachi onitsuka tiger shoe |
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Western Digital to buy Hitachi's hard drive unit
The world's leading hard rive producer Western Digital Corp. on Monday announced that it has agreed to buy Hitachi Ltd.'s hard disk drive unit for about 4. 3 billion U.S. dollars, a move that will create a dominant player in the industry.Western Digital said that it plans to acquire Hitachi Global Storage Technologies,asics tiger shoes, a wholly-owned subsidiary of Hitachi Ltd., in cash and stock.
The proposed combination will result in a customer-focused storage company with the industry's broadest product lineup backed by a rich technology portfolio,air griffey max 1, Western Digital said.According to their agreement, the resulting company will retain the Western Digital name and remain headquartered in Irvine in the U.S. state of California.
The transaction has been approved by the board of directors of each company and is expected to close during the third quarter of 2011.With the purchase,cheap ken griffey jr shoes, Western Digital will claim 49.6 percent share of global hard disk drive unit shipments based on latest quarterly statistics, compared to 29.4 percent for Seagate Technology LLC,air jordan melo m7, the industry's No. 2 supplier,ken griffey shoes sale, research firm iSuppli pointed out.
The deal will give Western Digital a lead of 20.2 percentage points over Seagate,size 15 air jordan, up from a mere 2 points without the acquisition,tiger shoes outlet, iSuppli said in a research note released Monday.The acquisition will also allow Western Digital to enter the critical enterprise hard disk drive segment,asics shoes,男子当街被踹死 市民自发围堵助巡警擒凶, where it currently is only a marginal player.
Analysts believed that the purchase might be a consequence of declining hard disk drive shipments,onitsuka tiger shoes, which are being impacted by the rising sales of tablet computers, which don't use hard disk drives and are cutting into the sales of mobile PCs,cheap nike air griffey max 1, a major market for hard drives."Amid weaker industry conditions, organic sales growth is more difficult to achieve,Asics Gel Kinsei 2, prompting hard disk drive suppliers to engage in acquisitions to gain market share," iSuppli noted.
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