All men are born truthful and die liars - Marquis de Vauvenargues
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Samsung is looking to sell its hard drive business
KOREAN ELECTRONICS GIANT Samsung is apparently considering putting its hard drive manufacturing operation up for sale amid financial difficulties.
According to a report at the Wall Street Journal the division is worth around $1.5 billion but Samsung might be willing to accept offers below $1 billion. Seagate, which is one of the largest hard drive makers, is a potential buyer.
When questioned, the company replied, "Samsung continuously reviews various business opportunities. We do not comment on speculation regarding our business."
We also contacted Seagate for a response but it refused to comment.
According to harddrivebenchmark.net Samsung has a 14.6 per cent share of the hard drive market, which makes it the third largest player. The other leader in the hard drive market is Western Digital, which bought Hitachi's hard drive business last month for $4.3 billion.
Samsung is supposedly struggling financially at a two-year low after sales of TVs and flat screens fell. The sale of the hard drive side of the company should give it some cash to invest in other, more profitable areas of technology.
Pressure on the hard drive industry could well stem from the increasing popularity of devices like tablets. These types of mobile products use flash memory rather than magnetic disk drives. µ
Tags: Hardware
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This is a tough blow, since I had planned to continuously update my storage needs with the latest and largest Samsung HDD as I run out of capacity.
The other side of the coin would be, since they also manufacture RAM, what they might know about the future state of storage.
Samsung is the only hard drive manufacturer making drives over 1TB with high reliability for the long run. Sure you might have a lucky WDC or Seagate but they wont last nearly as long as the Samsung drives over 1TB do. Sort on the NewEgg reviews to see how incredibly reliable Samsung is over Seagate and WDC.
I wont even comment on Hitachi or Toshiba they aren't worth considering.
This is a crying shame as Samsung easily make the best hard drives. I have had all other brands fail but Samsung, and I have a lot of drives. I now only buy Samsung.
They are also the quietest, and not bad performance.
Once it is sold it will just go downhill.