The rumor we reported yesterday concerning Seagate acquiring an apparently money bleeding hard drive business from Samsung is in fact true. Today, both companies will officially announce the joint venture in which we’ll see Seagate taking over all hard disk technology and operations from Samsung. The deal will reportedly cost Seagate $1.375 billion — %50 cash and %50 stock — and also secure Seagate a more solid path in the SSD market moving forward as...

If new reports from the Wall Street Journal have any shred of truth, the global hard drive scene is about to see another acquisition. This time, it is Samsung who is reportedly up for sale with fellow hard drive manufacturer, Seagate, said to be eying the purchase. According to the WSJ’s source, Samsung is losing money on their hard drive ventures and is considering deals at ~$1.5 billion (USD), although is open to offerings lower than ~$1 billion (USD). We’re...

Hardware giant, Western Digital, is about to get a bit more muscle in the fight against competing hard drive manufacturer, Seagate. Today, March 7th, 2011, WD announced that they were purchasing Hitachi Global Storage Technologies for ~$4.3 billion USD. In total, $3.5 billion in cash as well as $750 million worth of shares will trade hands. According to Western Digital CEO, John Coyne, scale is the sole source behind the purchase, citing the need for more size and...

As February rolls into March, the PC enthusiast sector is primed and ready for a slew of new hardware, with the most exciting being a slew of next gen SSDs from leading manufacturers. While OCZ’s Vertex 3 Pro may be the speed demon according to early previews, Intel in particular has something very interesting lurking within their new 510 series as well. If you know anything about Intel’s current line of SSDs, you know that compared to other higher end SSDs,...

As we impatiently wait for new SATA III 6.0 Gbps SSDs to hit the market, Plextor drops a gem on our laps. The MS2 line of solid state drives have a little something for everyone and come in 64GB, 128 GB, and 256GB capacities. Speeds for the 64GB drive comes in at 370MB/110MB per second read/write while the 128GB drive tops out at 420MB/210MB per second read/write. Finally, the top end 240GB drive rockets through the 1′s and 0′s at 480MB/s read and 330MB/s...