The following is excerpted from an Objective Analysis Alert e-mailed to our clients on 24 June, 2013:
Western Digital Corporation (WDC) and sTec, Incorporated announced today an agreement for sTec to be acquired by WDC for $340 million in cash. The HGST subsidiary will assume control of sTec and will continue to support existing sTec products and customers, while also remaining a part of its joint development program with Intel Corp. HGST’s current line of SSDs uses an Intel controller architecture combined with an SAS interface, end-to-end data protection, and other features key to the enterprise SSD marketplace.
Although sTec was a glorious first mover in the SSD business with EMC’s Continue reading “Western Digital to Acquire sTec”