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Technology Stocks : Seagate Technology

STX 265.55

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Nov 3 4:00 PM EST

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From: FJB	4/18/2011 10:13:12 AM
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Report: Samsung may sell off hard-drive business April 18, 2011 6:00 AM PDT by Don Reisinger Read more: news.cnet.com Samsung plans to sell its hard-drive business, a new report claims. The electronics company would like to make $1.5 billion on the sale, but it might take less than $1 billion, The Wall Street Journal is reporting, citing an anonymous source. The source told the Journal that, in no uncertain terms, "Samsung is trying to get rid of [its HDD operation]," and one of its chief competitors, Seagate, is a potential suitor.

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