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Seagate to enter SSD market

Posted on Monday, August 27 2007 @ 03:01:07 CEST by

Hard drive maker Seagate announced they will enter the solid state disk market in the near future:
According to Bill Watkins, the company's chief executive, the drive manufacturer will be getting into the solid-state market sometime next year, beginning with some form of enterprise solution. "We have solid-state drives on every road map that we have," Watkins said, though Seagate sold off the 40 percent stake it held in SanDisk, a chipmaker which now has almost the same market value as the drive company. Watkins was tight-lipped about exactly what kind of products the company will offer, though he did hint at a "hybrid" which uses both chips and disks to store data. It was only a matter of time till the drive makers started feeling heat from the SSD and flash markets -- hopefully this will help bring prices down to reasonable levels.



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