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Seagate Agrees to Buy Maxtor for $1.9 Billion
by bucy at 1:10 pm EST, Dec 21, 2005

Seagate Technology, the giant digital storage company, has reached a deal to acquire a rival, the Maxtor Corporation, for $1.9 billion in stock, the companies announced today.

Whoa! The consolidation continues. Now we're down to:

Seagate/Maxtor/Quantum/Conner/DEC
Hitachi/IBM
Western Digital
Fujitsu
Toshiba (laptops only, IIRC)
Samsung (a newcomer, I think -- I wonder if their disk business came from an acquisition. All of theirs looks low-end in any event).