Joins The Blasting News! Get A Well-Paying Freelance Writing Job!

$3 guarantee for each article published on our site + a variable compensation, up to $500 per article!

Blasting News is a fully independent magazine based on the principle of social journalism and powered by the voices of thousands of people called Blasters.

Being part of the largest social news magazine, the 142nd most read site in the world, according to Alexa Rank, getting your news out to over 100 million active monthly users. Blasting News has just reached this size 44 months after its launch (growing faster than Facebook, which took 54 months to do the same). Registration is free!

Erwin Castro (The Techchaser) Invited You To Sign Up And Write To Get This Great Opportunity!

Blasting News

Sunday, October 25, 2015

Western Digital Buys SanDisk For $19 Billion

Storage drive maker Western Digital Corp. has acquired non-volatile memory and solid-state drive maker SanDisk Corporation for roughly $19 billion in cash and stock. 

The deal will pave the way for Western Digital to enter the fast-growing SSD market. Western Digital said the deal will further the company’s mission to become the global leaders in storage solutions technology, and will effectively double its addressable market by providing access to high-growth SSD markets. The deal is expected to be complete in the third quarter of 2016. 

Steve Milligan, CEO Western Digital, said in a statement: "This transformational acquisition aligns with our long-term strategy to be an innovative leader in the storage industry by providing compelling, high-quality products with leading technology”, and also added this:  "The combined company will be ideally positioned to capture the growth opportunities created by the rapidly evolving storage industry."

Founded in 1988 and headquartered in Silicon Valley, Flash specialist SanDisk is one of the largest makers of NAND flash memory chips. The company has manufactures storage products used in data centers and embedded in smartphones, tablets and PCs. SanDisk has more than 8600 employees worldwide, it holds more than 5000 patents worldwide. SanDisk’s patent portfolio is consistently recognized as one of the strongest in the technology world. SanDisk is currently the number 2 player in SSD space trailing only market leader Samsung Electronics.

According to market research firm IDC, western Digital has a leading 44 percent of the market for hard disk drive in 2014. However the company suffered a sales decline of 4 percent in its most recent financial year reports and the overall storage business also shrank to $32.9 billion. Under the terms of deal, Steve Mulligan will serve as CEO of the combined company, with SanDisk President and CEO Sanjay Mehrota expected to join the Western Digital board of directors. Western Digital will remain headquartered in Irvine, California. 

It’s a smart move for Western Digital, the SSD market is projected to be worth about $15.5 billion in 2015, growing to $20.5 billion in 2019, according to the latest data compiled by market research firm IHS Inc. Another research firm International Data Corporation makes a forecast that the SSD unit shipments will increase at a compound annual growth rate (CAGR) of nearly 18 percent from 2014 to 2019, growing from 88.9 million units to 200.5 million units. In addition, IDC also forecasts that the total SSD capacity shipped is expected to grow at a CAGR of 42.9 percent over the same five-year period. 

Image credit: Supply Chain Digital

No comments:

Introducing A Great Place To Find A Job

The marketplace where tech companies compete to hire you. Meet 5 to 15 top companies in one week with salary info upfront. You’re in demand. Shouldn’t companies you love come to you with offers upfront? We think so. That’s why Hired is changing the way you find your next job with a faster, more transparent job search process built specifically for Python Programmers, RoR Developers, Java Programmers, Software Engineers, Big Data Scientists, Data Scientists, DevOps, UI/UX Designers, Product Managers, and Web Developers.

Hired is the first two-sided marketplace created specifically for Engineers, Data Scientists, Designers and Product Managers who are overwhelmed with job opportunities.

We believe recruiting should be transparent, unbiased, and that the talent should be in control. Our one week “auctions” provide upfront offers from vetted and funded companies, dedicated talent advocates, and a $2,000 signing bonus.

Our mission is to make hiring, or getting hired, less painful. A Whole New Recruiting Model.


Learn More: GET HIRED!

VMware: Virtualizing the Entire Data Center

Virtualizing the Entire Data Center by: VMware, The World's Leader in Virtualization and Cloud Infrastructure

VMware vSphere Essentials delivers the industry-leading virtualization platform for small businesses at an affordable price. Small businesses can virtualize their physical servers and centrally manage these servers, reducing hardware costs and increasing operating efficiency with a low upfront investment.
Provides cost-effective server consolidation and management for small offices

Learn more about the VMware vSphere Essentials