socalTechnews
Home
Mobile
News and Events
  • Headlines
  • Events
  • Interviews
  • Jobs
  • Directory
    		•
    Members Only
  • Networking
  • Venture Deals
  • Venture Firms
  • Companies
    • About
  • Membership
  • About
  • Contact Us
    		•
    Search News
    Tuesday, August 30, 2005

    QLogic Sells Disk Drive Business
    Aliso Viejo-based Qlogic is selling its hard disk drive controller and tape drive controller business, in a $225M deal. Qlogic, a provider of Fibre Channel host bus adapters and switches, said that Marvell Technology Group will acquire the company's hard drive and tape drive controller business for $180M in cash and $45M in Marvell common stock. The company said that the sale will allow it to focus on the higher growth SAN infrastructure component market. Qlogic also said that its board approved a $350M stock buyback plan.
    posted on Tuesday, August 30, 2005

    Related companies:
    QLogic

    Related stories:
    > SimpleTech Sells Consumer Products Business
    > QLogic Joins Microsoft Interop Group
    > SimpleTech Ships Bamboo Hard Drive
    > WD Ships 7200 RPM SATA Drive
    > QLogic Gets Switch Certification

    RSS subscri be via emailEmail


    Previous news:

     Tuesday, October 14, 2008
    Monday, October 13, 2008
    Friday, October 10, 2008
    Thursday, October 9, 2008
    Wednesday, October 8, 2008