Samsung Sold its Hard Drive Business to Seagate for $1.4 Billion

Post by ugh » Wed, Dec 21, 2011, 9:17 AM UTC

wazoox wrote: post #15

protomyth wrote: post #4

As of late, Seagate drives have been pretty crappy, which is a real shame given their former glory. Maybe this purchase will change something.

Storage professional here. Disk drives failure rate is usually 0.5 to 3% a year. Drives do fail, so you can't draw any statistical significant figures from the failure of a couple of drives among a total of four or five (or even ten or twenty). However my company's selling drives by the thousands, and here's what I can say: Seagate barraccuda are the worst pieces of crap being sold since the infamous IBM 80GB debacle…

Post by antirez » Wed, Dec 21, 2011, 9:36 AM UTC

blub wrote: post #22

jitbit wrote: post #17

$1.4 billion, mates. $1.4 billion for a business with manufacturing plants, complicated global logistics... Now let me remind you that Facebook is valued 85 (!) times more.. o_O

Stock market valuations are almost useless... unless you work with stocks. If Facebook disappeared tomorrow, nothing of value would be lost and another web site would take its place.

Post by chalst » Wed, Dec 21, 2011, 10:44 AM UTC

Post by vasco » Wed, Dec 21, 2011, 11:08 AM UTC

antirez wrote: post #23

blub wrote: post #22

Earlier quoted context omitted.

Stock market valuations are almost useless... unless you work with stocks. If Facebook disappeared tomorrow, nothing of value would be lost and another web site would take its place.

Not really, what disappears is the Facebook "potential" to make money, and the valuation is done thinking at this possibility. Now if you look at it in this way, billions of people using Facebook can be monetized probably much better in the long run compared to selling a new HD from time to time to millions.

Post by moonfern » Wed, Dec 21, 2011, 11:52 AM UTC

antirez wrote: post #23

blub wrote: post #22

Earlier quoted context omitted.

Stock market valuations are almost useless... unless you work with stocks. If Facebook disappeared tomorrow, nothing of value would be lost and another web site would take its place.

Not really, what disappears is the Facebook "potential" to make money, and the valuation is done thinking at this possibility. Now if you look at it in this way, billions of people using Facebook can be monetized probably much better in the long run compared to selling a new HD from time to time to millions.