Seagate Is Not For Sales Yet
Gateway may have its price, as we learned in late August when Acer bought the cow hided company for a reported $700-plus million, but Seagate isn’t on the selling block, says CEO Bill Watkins, despite rumored interest from Chinese, Korean, and Japanese companies in obtaining ownership of the U.S. hard drive maker. Although the buying and selling of tech companies has become somewhat back-page news in recent years, the interest by a Chinese company in buying Seagate got the attention of U.S. governmental officials with national security concerns, according to quotes from Hawkins. Despite the attention, Seagate managed to release new Maxtor OneTouch 4 drives in September, including a $359.99, 1TB Plus version.