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Technology Stocks : Seagate Technology
STX 50.68+1.3%Aug 28 8:10 PM EDTNews

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From: FUBHO4/18/2011 10:13:12 AM
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Report: Samsung may sell off hard-drive business

April 18, 2011 6:00 AM PDT
by Don Reisinger


Read more: news.cnet.com

Samsung plans to sell its hard-drive business, a new report claims.

The electronics company would like to make $1.5 billion on the sale, but it might take less than $1 billion, The Wall Street Journal is reporting, citing an anonymous source. The source told the Journal that, in no uncertain terms, "Samsung is trying to get rid of [its HDD operation]," and one of its chief competitors, Seagate, is a potential suitor.
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