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Seagate Technology

5/24/2012, 3:27 PM ET
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  • Wednesday 11:03 AM Cash-rich Seagate (STX -2.2%) is acquiring French external hard drive/low-end storage vendor LaCie for $186M. Seagate declares the companies' offerings to be "highly complementary" (in spite of moderate overlap), and touts LaCie's ability to bolster its European and Japanese presence. Seagate might also be interested in the potential to boost LaCie's margins by having the company rely on Seagate's hard drives.
    Comment!
    [Tech, M&A]
  • Tuesday 10:08 AM Hard drive kingpins Seagate (STX -6.8%) and Western Digital (WDC -4.8%) trade lower following analyst commentary about high inventory levels. Controller chip suppliers LSI (LSI -6.7%) and Marvell (MRVL -2.3%) are falling in sympathy. (previous)
    Comment!
    [Tech, On the Move]
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  • 3 NASDAQ Stocks With Juice
    Fri, May 11 • Jim Van Meerten • Comment!
  • Time to sell Seagate (STX)
    Tue, May 1 • ISRG buyer • Comment!
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    Sat, Apr 28 • Dividend Sheet • Comment!
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    Fri, Apr 27 • Greg Group • Comment!
  • Store Up Some Profits With Seagate
    Thu, Apr 26 • Glenn Rogers • Comment!
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Company Description

We are the world's leading provider of hard disk drives based on revenue. We design, manufacture, market and sell hard disk drives. We produce a broad range of disk drive products addressing enterprise applications, where our products are used in enterprise servers, mainframes and workstations;... More

Sector: Technology
Industry: Data Storage Devices
Country: United States