Seagate Technology

Seagate to buy rival for $1.9bn

Hard disc drive vendor Seagate Technology will acquire rival Maxtor in a $1.9 billion deal to be finalised later this year.

New version of DiscWizard available

Seagate Technology has introduced a new version of its DiscWizard software, a program that installs SCSI and ATA disk drives, which includes a new user interface and extended integration features.

Seagate to buy XIOtech

Seagate Technology is to acquire XIOtech, a supplier of virtual storage and storage area network solutions. The value of the transaction is approximately $360 million in Seagate common stock.

Seagate ships over 2m U4 disk drives

Seagate says it has shipped more than 2 million of its U4 disk drives since the product was released at the beginning of the year. The drives are also incorporated into PCs made by companies like Compaq, HP and IBM.

Linux Online! picks Seagate

Seagate Technology says it is the first disc drive manufacturer to have its storage products recommended for use in the Linux operating environment. The Linux Online! Web site (http://www.linux.org) chose Seagate to supply new high-performance and desktop drives for its online environment.

Seagate 3Q profits beat forecast

Seagate Technology said it earned $82 million or $0.34 cents per share in the third quarter, compared with a loss of $129 million or 53 cents per share for the same quarter last year. The latest 3Q earnings were reduced by a $60 million charge related to the restructuring of operations and the closure of a manufacturing plant in Scotland.

Seagate anticipates one-time restructuring charge

Seagate Technology expects to take a one-time $50 million to $60 million charge in the current fiscal quarter. This is related to the restructuring of worldwide operations, including the previously announced closure of the Scotland microelectronics manufacturing facility and consolidation of global customer service facilities.

Seagate Technology increases its stock repurchase programme

Seagate Technology`s board of directors has approved an increase to its existing stock repurchase programme, in which a maximum additional $500 million may be expended to repurchase shares of its common stock in the open market.

Seagate names time computer systems its largest PC manufacturer of the year for the U.K.

Seagate offers three-year warranty on drives, autoloaders

Seagate Technology is offering three-year warranty coverage on its TapeStor DAT and Scorpion DAT drives and autoloaders. The company has also broadened its REACT two-business-day replacement programme to cover the drives and autoloaders for three years.

Seagate appoints McMannon VP, GM of RSS

Seagate Technology has appointed Larry McMannon to the position of VP and GM for Seagate Removable Storage Solutions (RSS). He will oversee all functions for the group.

Seagate Cheetah disc drivers power up top 10 servers

Recent industry-wide tests have concluded that Seagate Technology`s 10 000-rpm Cheetah family of disc drives boost performance in all of the top 10 server systems.