Seagate takes over Xyratex

Seagate(NASDAQ:STX) has announced it has completed its previously announced acquisition of Xyratex Ltd(NASDAQ:XRTX). "Exabyte growth is accelerating, and we are building higher capacity drives to address this growth. The time required to properly test these higher capacity drives is increasing dramatically, making it strategically important to have uninterrupted access to world-class test equipment and engineering resources. The addition of Xyratex helps us fill this important need and considerably streamlines Seagate’s supply and manufacturing chains for our core HDD business," said Dave Mosley, President of Operations and Technology, Seagate.....Go For More Detail.-------> http://www.varindia.com/Seagate-takes-over-Xyratex.htmRead less