Seagate Technology has squashed speculation that the company is negotiating to be bought by Chinese company.
We are not for sale. Period, a company spokesman told Computer Business Review, adding that the disk drive make had in any case received no such purchase offers.
Speculation about a Chinese take-over began late last week, when the New York Times reported that Seagate CEO Bill Watkins had said that a Chinese technology company had made an overture to buy a US disk drive maker.
Not so, said Seagate this week, which stated that Watkins had said only that he was aware of growing interest in disk drive technology from companies working in concert with their governments in China, Korea and Japan, where disk drive technology was part of a national agenda. That led Watkins to comment that there were important public policy considerations that the US government should be thinking about.
The only other major US maker of disk drives is Western Digital, which yesterday declined to say whether it has received any acquisition offers from Asian companies, or whether it would consider a sale.