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Rumor: Great Wall Will Acquire Seagate
August 28, 2007 |
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| Category: Gadgets & Electronics
New York Times cited Seagate's CEO William Watkins as saying that a Chinese manufacturer is seeking to acquire an American computer hard disk manufacturer, which is likely to be Seagate or Western Digital.
Following that report, a representative from the Chinese IT industry who was unwilling to have his name released, has told Tom.com that Great Wall is most likely to acquire Seagate, in consideration of its great strength. The person added that in terms of the limitations that the transaction may face due to national security, Great Wall may also be the final buyer of Seagate.
As one of the famous IT companies in China, Great Wall's hard disk service is currently run by its listed company Great Wall Development. Great Wall's hard disk service has ranked among the top five in China, and its production had increased from 120,000 in 2000 to 129 million in 2005.
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