Drive Maker in China to Be Sold to Iomega
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Iomega, an American distributor of computer data storage equipment, said Wednesday that it was entering into a complex $310 million deal to acquire ExcelStor, a Chinese contract maker of disk drives.
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Seagate Technology , the  world's largest maker of disk drives, has dashed speculation  that a Chinese firm wanted to buy the firm, saying it had  received no such offer and had no intention of selling.
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IBM said late Tuesday that it will sell its personal computer division, transferring an iconic brand to a Chinese rival that also will absorb about 2,000 local workers.
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Concerns about national security and technology transfer are being raised by rumors of Chinese interest in acquiring an American disk drive maker.
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Storage Expo Iomega punts a hard disk autoloader
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The US computer giant Dell announced a deal Monday to sell its products through Gome, China&#39;s largest consumer electronics retailer.
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IBM is selling its PC-making business to China&#39;s largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote, Profile, Research
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MAJOR Japanese computer maker Toshiba aimes to sell laptop computers that are loaded with its next generation DVD drive by next year.
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The Hitachi Ultrastar 10K300 Fibre Channel drive will be offered in the HP StorageWorks Enterprise Virtual Array (EVA), and the Ultrastar 10K300 SCSI drive will go in HP&#39;s ProLiant servers and StorageWorks Modular Smart Array (MSA) family, the vendors said
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Major Japanese computer maker Toshiba Corp. said it is aiming to sell laptop computers loaded with its next generation DVD drive by next year.
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Company's drive is not just for OEMs anymore.
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Iomega on Friday introduced a new network-attached storage appliance for Windows networks in small and midsized businesses. The Iomega NAS 400r incorporates Serial ATA drives and uses Microsoft&#39;s Windows Storage Server 2003 technology.
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Lacie today introduced a new series of external harddrives with SATA interface at the SMAU trade show in Milan, Italy. The drives are available in capacities up to 400 GByte.
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Company's ND-3500A drive is not just for OEMs anymore.
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A 30 percent stake in Hewlett-Packard&#39;s Chinese operations is up for sale to the highest bidder as the company&#39;s Chinese partner looks to sell its shares.In a filing (in Chinese) with the China Beijing Equity Exchange, state-owned China Electronics Import &amp; Export Co. (CEIEC) invited bids for its stake in China HP and set a minimum price of 967 million yuan ($133 million).CEIEC will accept bids until Feb. 2 from qualified Chinese companies. Offers from financial institutions or hedge funds will not be considered, it said.HP had little to say in response to CEIEC&#39;s offer, but reaffirmed the importance of China HP to its overall business.&quot;China is a critically important market to HP and continues to hold tremendous opportunities for our business. ... Whilst we do not comment on our financial or operational plans in the future, HP will ensure its business operations remain unaffected,&quot; wrote Joanne Tan, a company spokeswoman, in an e-mail.China HP was founded in 1985 as a joint venture between HP and CEIEC. Over the years, the joint venture has been successful and China HP is a major player in key local markets, such as PCs and servers.Joint ventures are a common way of doing business in China, with foreign companies tapping the experience and connections of a local partner.In the best situations, these partnerships can help the foreign company build and grow their business in China faster than would otherwise be possible.
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BEIJING: IBM is selling its personal computer making business to China&#39;s largest PC producer, Lenovo Group Ltd, for US$1.25bil, marking the US giant&#39;s retreat from an industry it helped pioneer in 1981.
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IBM, which revolutionised the global computer industry when it launched its first desktop in 1981, has sold its PC business to a Chinese group in a $1.75bn (Â£900m) deal, it was confirmed today.