Seagate Buys Maxtor: Storage Market Grows, Players Shrink

January 3, 2006

A few years ago (2002), the big news in computer storage was Hitachi buying IBM's disk drive business to become a major player in the computer storage market. Now, as the storage market continues to expand at the enterprise, SMB and consumer levels, industry leader Seagate has announced that it is buying its long-time rival, Maxtor.

With a major competitor out of the way, look for Seagate to grow -- and invest in -- all facets of its business; it's a major player across all of the storage sectors. In fact, the consumer area may be a renewed area of focus. Look at all the data that we need to store on all of the gadgets we own! Will be interesting to see how this develops and how a growing market reduces the number of industry players ...



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