Seagate Wants To Buy SSD Maker
Fusion-io, OCZ or Stec?
By Jean Jacques Maleval | August 28, 2012 at 2:51 pmTo read this article from Forbes, click on:
Seagate Wants To Buy A Solid State Maker: Will It Be Fusion-Io, OCZ Technology Or Stec?
On July 30th (after OCZ earnings no less), Seagate’s CFO Pat O’Malley announced that Seagate was looking to buy a solid state company. "We look at all technology product providers (for M&A) but what I would say is that on the enterprise SSDs, there’s probably only one of them that really makes any significant money," he said in response to a question about Seagate’s interest in OCZ Technology.
Currently OCZ, STEC, and Fusion-io are all losing money as of last quarter but we have to read in-between the lines. Seagate is looking to buy a SSD company… it’s just that simple.