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Adaptec, Inc. announced today that on May 8, 2010, it signed a definitive agreement with PMC-Sierra, Inc. to sell to PMC certain assets and for PMC to assume certain liabilities connected with the Company’s data storage hardware and software business for approximately $34 million in cash. Following the sale to PMC-Sierra, the Company will retain its Aristos ASIC technology business, certain real estate assets, more than 200 patents, and approximately $400 million in cash and marketable securities.
Since 2009, the Company has set forth plans to re-deploy the substantial amount of liquid assets and unlock the tax benefits of the Company’s net operating losses to maximize value for all stockholders. Following this transaction with PMC-Sierra, the Company’s Board of Directors plans to explore all strategic alternatives to deploy the proceeds of the sale and the Company’s other assets, which may include stock buybacks, special cash dividends, future acquisitions and other actions to redeploy capital. Additionally, the Company will, as previously announced, continue to consider its options related to its Aristos ASIC technology business, remaining patents and real estate holdings.
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- Flash Memory
OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) and memory modules for computing devices and systems, is pleased to announce the Company has become an official LSI Alliance Partner. OCZ enterprise class Intrepid SSDs are now qualified for use with LSI's MegaRAID(R) controllers, ensuring optimal compatibility, performance, and reliability.
"OCZ and LSI are both dedicated to the development of innovative, high-performance SAS/SATA solutions, and the partnership between both organizations demonstrates our shared commitment to deliver robust total solutions to our clients that address the complete spectrum of enterprise applications," stated Alex Mei, CMO, OCZ Technology Group.
LSI Corporation is the leading supplier of host-based RAID to the global PC and server markets, and MegaRAID is a popular choice of OEMs, ODMs, system integrators and resellers worldwide. Paired with the validated OCZ Intrepid line, the combination stands to deliver industry-leading solutions.
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WD today announced that the WD TV Live HD media player, featuring network capability and Full-HD 1080p resolution, is the first network media player compatible with Windows 7. The WD TV Live HD media player makes it easy for anyone to play media stored on USB and network drives, any PC on the home network, as well as content from popular websites, on the biggest screen in their home -- their big screen television.
Using the Windows 7 Play To feature, users can initiate and control the streaming of video, music or photos to the WD TV Live HD media player and home entertainment systems from any Windows 7-based PC on their network. Any compatible media file accessible from the PC – located either on the PC or the network – can be played to the WD TV Live by right clicking on the file name in the folder or directly from within Windows Media Player 12 and choosing the WD TV Live HD media player as the playback device.
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SanDisk Corporation today announced that it is shipping the Xbox 360® USB Flash Drive by SanDisk for the Microsoft Xbox 360 gaming and entertainment console. The new drive makes it easier than ever for gamers to take their gamertags, saved game progress, map packs, Arcade game downloads and bonus content with them for fast and convenient access on another Xbox 360 console.
The Xbox 360 USB Flash Drive by SanDisk delivers the best experience on the Xbox 360 console. Pre-configured for seamless plug and play action, the drive eliminates the need to format storage or download an initial software update for an Xbox 360 console. For gamers looking to get in on the fun or for those with existing accounts who want to extend their play, a one-month Xbox LIVE Gold membership is included with purchase of the drive.
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A-DATA Technology today released a new 2.5” portable hard drive SH02. Stylishly crafted in 3-dimensional chic imprint patterns with special surface finishing, SH02 is an in-style digital accessory for the fashionistas.
“We search for any possibility of applying new technology and combine with the latest design elements and details to come up with innovative storage products that differentiate ours from other competitors,” said C.K. Hung, Vice President of A-DATA Technology Product Planning Group. “SH02 is a perfect example of combining new surface finishing technology with a designer look, creating a practical yet trendy portable HDD to the market.”
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Samsung Electronics today announced availability of an eight gigabit (Gb) OneNAND™ chip that takes advantage of advanced 30 nanometer (nm) class process technology. Based on a single-level-cell (SLC) NAND flash design, the new high-density OneNAND addresses the need for more code data storage in smartphones, a trend being driven by the increasing use of diverse application software and larger amounts of multimedia software. The high-density OneNAND memory is now sampling with volume production scheduled by the end of this month.
“We are happy to see that our advanced 30nm-class NAND solution is being widely adopted in smartphones,” said Sejin Kim, vice president, Flash memory planning/enabling, Samsung Electronics. “The availability of an 8Gb OneNAND chip will add considerably to our diverse line-up of advanced mobile memory solutions.
“Not only does our new OneNAND nicely address the need for higher density memory in smartphones, but it will enable the addition of many more features, bringing greater customer value, while broadening the scope of the OneNAND market.”
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OCZ Technology Group, a leading provider of high-performance solid-state drives (SSDs) and memory modules for computing devices and systems, announces the Enyo Portable SSD, utilizing the next generation USB 3.0 interface. The Enyo features all the performance and durability advantages of an internal SSD but delivers portability with an external storage solution for on-the-go users who need to share files between various PC systems.
"We are continually searching for new ways to make the benefits of solid state storage available to consumers, and our new Enyo SSD is designed to make those benefits portable," said Ryan Petersen, CEO of the OCZ Technology Group. "The Enyo is a sleek external SSD that makes use of the increasingly popular SuperSpeed USB 3.0 interface to make transferring anything from spreadsheets to high definition movies significantly faster than traditional media. Consumers never have to leave home without their valuable files again."
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Walton Chaintech, manufacturer of memory module and computer components and accessories, today announces its APOGEE Neo Squeeze Plus and APOGEE S Series USB flash drives. Differently from the previous launch of N Series specifically adapted with the luxury image, the APGOEE Neo Squeeze Plus and APOGEE S101 and S102 mainly target on the business executives and users who value the best.
Designed to meet the needs of business professionals, both the APOGEE Neo Squeeze Plus and APOGEE S Series are light and slim. At only 57.5 x 19 x 8.8 mm (L.W.H.) and 55.5 x 21.8 x 10.2 mm (L.W.H.) for the Neo Squeeze Plus and S101, respectively, both flash drives are as light as 20g with the Surface Mount Technology (SMT) PCB Assembly. Taking in a very compact housing design, the S102 even weights only 12g with the Chip On Board (COB) System in Packaging (SIP). These technologies also secure the flash drives’ duration and performance.
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Seagate today introduced the next evolution of the company’s award-winning FreeAgent® external hard drives—its new GoFlex™ storage solutions. This new family of external drives and accessories introduces a new level of flexibility to traditional USB 2.0 storage that will change the way people store, access, enjoy and share their digital content. The FreeAgent® GoFlex™ storage family includes easy, plug-and-play portable and desktop drives, with an array of interchangeable cables and desktop adapters that allow each drive to adapt to the interface or device being used. GoFlex hard disk drives are also specially designed to provide interoperability between operating systems in order to work with both Microsoft® Windows® and Mac® OS X computers.
“GoFlex™ interface cables are about providing the speed, performance and connectivity people need to support their interaction with their digital content. The explosive growth of video capture and multimedia collecting is expanding personal digital libraries to terabytes worth of content within the home,” said Dave Mosley, executive vice president, Sales, Marketing and Product Line Management at Seagate. “These trends are driving demand for high-capacity, high-performance storage. The GoFlex™ family of storage products meets this need by delivering simple, USB 2.0 storage and backup devices, with the flexibility to adapt as interface technology advances by using the various GoFlex™ cables and accessories to access content stored on the same drive.”
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Lexar Media today announced it has begun shipping the ultra-portable Lexar® Echo SE and Lexar Echo ZE flash-based drives to traditional and online retail channels. Netbook and notebook users can now automatically and conveniently back up files while on the go, using the plug-and-stay, low-profile ZE or the high-capacity, high-performance SE drive.
During the month of May 2010, the Echo SE and ZE drives will be available exclusively through online retailer Amazon.com in the U.S. The Echo line will also be available for purchase through brick-and-mortar outlets in select countries worldwide, including Staples in the United Kingdom, FNAC in France, Media Markt in Germany, and top consumer electronics stores in Italy.
“We’re pleased to offer the Echo SE and ZE backup products worldwide to help secure data that can be lost through a busy mobile lifestyle,” said Aaron Lee, senior product marketing manager, Lexar Media. “As consumers continue to embrace a work and life schedule that includes increased use of on-the-go tools like netbooks and notebooks, it is important to have a reliable, convenient backup solution in place to protect from data loss.”
