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Western Digital to buy enterprise SSD maker sTec for $340M

By Jos
Jun 24, 2013
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  1. Western Digital has announced it agreed to pay $6.85 a share, or $340 million in cash, to acquire a California-based company called sTec that specializes in making enterprise solid state drives. The selling price represents a 91 percent premium over...

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  2. Jad Chaar

    Jad Chaar TS Evangelist Posts: 6,476   +965

    Great! The HDD business is sliding. Good move.
     
  3. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,202   +2,635

    It's about time WD put out a SSD. Maybe they are getting closer to that milestone with this purchase.
     
  4. Jad Chaar

    Jad Chaar TS Evangelist Posts: 6,476   +965

    Too bad their name is not affiliated with quality SSDs as it is with HDDs. It is never too late, but I think it will take time to get the name out and the quality right.
     
  5. Trillionsin

    Trillionsin TS Evangelist Posts: 1,159   +73

    their name is already out... besides, how many have heard of sTec? Well, maybe I'm the only one who hasnt.... but either way, I wonder if WD is going to keep them Enterprise level?
     
  6. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,202   +2,635

    Your not alone.
     
  7. Jad Chaar

    Jad Chaar TS Evangelist Posts: 6,476   +965

    I am talking consumer SSDs. If WD were to transition to consumer SSDs, there is too much competition to be successful. They have to get into the SSD business as soon as possible. I think WD will stay with thin HDDs and hybrid HDDs for the next few years.
     

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