Seagate Ready to Acquire NAND Source IM Flash Technologies From Intel

Industry insiders are talking about what move Seagate Technology, the world’s largest and most successful disk drive maker, is going to make to get into a better position in the NAND flash market. Analyst Daniel Amir of financial advisory/asset management firm Lazard Ltd. put out a mergers-and-acquisition research note June 19 speculating that Seagate Technology may buy out Intel Corp.’s 49 percent interestworth anywhere from $1 billion to $2 billion — in its IM Flash Technologies flash memory joint venture with Micron Technology.