Wednesday, October 19, 2011

Icy News: EU Approved Acquisition of Samsung HDD Unit by Seagate

"Decision still pending for WD/HGST
The European Commission has approved under the EU Merger Regulation, following an in-depth investigation, the acquisition of the HDD business of Samsung Electronics of Korea bySeagate Technology of the US. HDDs are data storage devices used in computers, laptops or camcorders. 

Although the merger will further consolidate markets that are already highly concentrated, the Commission concluded that the transaction would not significantly impede effective competition in EEA or any substantial part of it..." - via StorageNewsletter

With Seagate attempting to buyout Samsung's HDD division, we wonder about the lifespan of the traditional hard drive industry. How long will it last if the sole limitation of speed is of the speed of sound? So far, there has not been a breakthrough of a dramatic increase in performance in the last decade. Meanwhile, SSD's are rapidly increasing at a much higher rate currently. So let us know what your thoughts are!

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