Computers M&A » By The Online Investor Staff, updated Fri., Apr. 16, 4:26 PM
Recent mergers and acquisitions in the Computers M&A category.
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Slide #29. Western Digital — sTec, Inc.
Acquirer:
Western Digital (NASDAQ:WDC)
Acquiree:
sTec, Inc.
Details:
Western Digital Corp. (NASDAQ: WDC) announced today that it has completed the acquisition of sTec, Inc., an early innovator in enterprise solid-state drives (SSDs). sTec will be integrated into HGST, a wholly owned subsidiary of Western Digital. The acquisition augments HGST's existing solid-state storage capabilities, accelerating its ability to expand its participation in the rapidly growing area of enterprise SSDs.
Western Digital develops, manufactures, and provides data storage devices and solutions. Co.'s portfolio of technology and products address the following markets: Client Devices; Data Center Devices and Solutions; and Client Solutions. Co.'s Client Devices consist of hard disk drives (HDDs) and solid state drives (SSDs), flash-based embedded storage products, and flash-based memory wafers and components. Co.'s Data Center Devices and Solutions consist of enterprise HDDs, SSDs, and platforms. Co.'s Client Solutions consist of HDDs and SSDs embedded into external storage products and removable flash-based products, which include cards, universal serial bus flash drives and wireless drives.
Western Digital SEC Filing Email Alerts Service
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Avg. Broker Rec.
 
|
Buy (3.45 out of 4) 53rd percentile
(ranked higher than approx. 53% of all stocks covered)
Analysts' Target Price: WDC Stock Forecast Based on Zacks ABR data; powered by Xignite |
