Earlier this week we mentioned that Seagate had announced it would be discontinuing its entire 7200 RPM laptop hard drive family. At the time, it may have seemed that Seagate was getting out of the high-end market when it comes to notebooks and other mobile devices. However, Seagate has now announced that it is ready to launch its third-generation laptop SSHDs.
Seagate has sold a number of different hard drives aimed at the portable device market over the years. The company has been successful in the notebook market with it storage devices hidden inside a number of the notebooks on the market today. Seagate has offered several different types of hard drives in the 2.5-inch form factor including 5400 RPM and 7200 RPM drives.
Seagate certainly isn't new to the wireless external hard drive business -- they released the Satellite drive a couple months ago, and they're back here at CES 2013 to show off the successor to the Satellite, the Wireless Plus. We ended up getting our hands on the new storage solution to see what this new edition offers.
Seagate has unveiled a new storage device aimed at mobile users at CES 2013 called the Wireless Plus mobile device storage. The storage device is designed to wirelessly stream content to up to eight connected smartphones or tablets. The storage device has one terabyte of capacity.
Hard drive maker Seagate has announced a new 2.5-inch hard drive specifically designed and engineered for use in 24/7 video applications. The hard drive is aimed directly at the DVR, set-top box, and surveillance market. The Video 2.5 HDD was engineered specifically for performance and operation in three key areas of importance for the video industry.
Today we’re taking a look at the Needletail SX, Arkh Flight Systems’ (AFS) new flagship gaming PC. AFS seemed to have one goal when putting together the Needletail SX: make an insanely powerful gaming PC regardless of cost. Indeed, you’re working with a lot of power with the Needletail SX, but money can’t be an issue if you’re looking to buy one, as you’ll be paying a premium price for access to such a rig. It the Needletail SX worth the hefty price tag? Read on to find out.
With the massive flooding in Thailand last year, the hard drive market took a beating with many of the major players in the industry having to shut down assembly lines and shift production to other countries. Seagate was banking on growing business significantly due to competitors having significantly reduced production. That hasn't worked as expected as the market has recovered quicker than expected.
Seagate has announced that it has partnered with DensBits for the development of SSDs for consumer and enterprise markets. The goal of the two companies is to develop low-cost and high-performance solid-state drives for consumer and enterprise markets and Seagate has made an equity investment in DensBits. Exactly, how much Seagate invested in DensBits is unknown.
This week two giants in the digital data storage industry, Seagate and LaCie, have announced that the former has signed a purchase agreement which will give it controlling interest in the latter. This agreement was announced on the 23rd of May and today has been signed by both parties, it tying together a deal which has Seagate purchasing all of the shares controlled by LaCie’s chairman and CEO Philippe Spruch and his affiliate. This amount of stock represents 64.5% of the outstanding shares of LaCie and gives Seagate top seat at the company.
Seagate is one of the biggest names in hard drives and storage in the world. The company has all manner of traditional hard drives in just about every form factor you can think of ranging from bare drives for notebooks and desktop computers to external backup drives using USB or other connectivity options. Seagate has announced its latest backup drives called the Backup Plus.
Seagate has announced that it is buying a majority stake in rival hard drive maker LaCie for $186 million. The Paris-based LaCie is a long-time maker of premium consumer hard drives for Macs and the first ones to feature Apple's Thunderbolt technology. Seagate believes that the acquisition will complement its mainstream hard drive lines and help it expand into new consumer markets, particularly in Europe and Japan.
When a company gets much too rich for it's own good, it's time to do as Seagate is doing today: repurchasing a whole lot of shares in their own company. Here Seagate has decided that because of their confidence in their own ability to generate cash at this time, they'll pick up $2.5 billion (of the $3.5 billion they're actually authorized) in outstanding ordinary shares. Seagate will be repurchasing this stock with a combination of cash on hand, future cash flow from operations, and "potential alternative sources" whatever that ends up being.