Report: Samsung to sell HDD business, Seagate interested

By Jos
Apr 18, 2011
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  1. Samsung Electronics is pondering a sale of its loss-making hard disk drive unit to invest in other areas of growth, according to a report on the Wall Street Journal. Citing "a person familiar with the matter," the paper claims Samsung wants to get as much as $1.5 billion in the sale but may take less than $1 billion. Interestingly, a potential buyer for the business is the world's second largest hard disk vendor, Seagate Technology.

    Read the whole story
  2. madboyv1

    madboyv1 TechSpot Paladin Posts: 1,078   +92

    This report/rumor is quite disheartening as I like Samsung drives very, very much.
  3. Arris

    Arris TS Evangelist Posts: 4,711   +136

    Yeah, I'd buy another Samsung drive (that I don't need) just to save them from selling to Samsung. Worth starting a movement. Buy a drive, save Samsung Spinpoint drives!
  4. n00bzZy

    n00bzZy TS Member Posts: 38

    That's too bad, seemed like their SpinPoint series was going well. Personally I got a couple 1TB F3's, pretty good for now.
  5. That's a shame. I thought the Spinpoint series was doing well for them, but I do say this right after buying several Caviar Blacks for our office.

    Then again, Dell likes using Seagates, so maybe some of that quality will end up there if Seagate buys Samsung's HDD division.
  6. Vrmithrax

    Vrmithrax TechSpot Paladin Posts: 1,286   +232

    As much as I love Samsung drives, this is a pretty smart move on their part. SSD tech is where most of the growth and profit is for the near future. As current HDDs get bigger and cheaper, the profit margins drop and demand experiences a reduction as single drives can now handle the capacities that required multiple drives in the past.
  7. madboyv1

    madboyv1 TechSpot Paladin Posts: 1,078   +92

    or, Seagate will continue tradition and continue making the spinpoint line but making it worse and worse with every iteration until it is fully absorbed into the seagate line. That is essentially what happened when they bought Maxtor 5 years ago, though Maxtor drives did not have far to fall lol.
  8. HaMsTeYr

    HaMsTeYr TS Maniac Posts: 395

    Ugh. Thats horrible news. I'm a Samsung Drive person and this is just possibly the worst news i've heard. Ever since Seagate's Acquisition of Maxtor, every one of my seagate drives died no less than maybe 2-3 years after purchase. All that data lost.

    Ever since then I had a loathing for Seagate. They used to be at the top of their game but their quality is less than lackluster now and its so depressing.

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