Seagate to enter SSD market

Posted on Monday, Aug 27 2007 @ 03:01 CEST by Thomas De Maesschalck
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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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