Western Digital on Thursday posted December quarter sales that edged Wall Street estimates, and provided better-than-expected guidance for the March quarter-but the disk-drive and flash memory chip company's shares nonetheless were falling in late trading.

With the SSD and NAND flash memory markets booming, Western Digital has made the tough decision to shut down its HDD (hard disk drive) manufacturing factory in Petaling Jaya, Malaysia by the end of 2019.

The new products enable corporate data centers having data set sizes smaller than found in hyperscale environments to harness the power of data across a broad spectrum of Big Data applications such as analytics and distributed file systems.

Data-storage company Western Digital revealed at its San Jose campus a new technology that enables capacity increases in hard drives that could span to 2030 and even beyond.

To reduce costs, Seagate said it would lay off 600 employees, which could save the company about $90 million.

Seagate is closing a design center in South Korea, according to its 8-K homework submitted to US financial watchdog, the SEC.

Western Digital reported a better-than-expected fiscal second quarter amid strong enterprise and solid state demand.

Hard-disk drive maker Seagate Technology said it would cut more than 2,000 jobs as it shuts down its Suzhou factory in China.

Seagate Technology said its earnings fell 49% in the latest quarter as the bottom line was hit by expenses related to the disk-drive maker's cost-cutting efforts and other items.

Seagate Technology, a maker of disk drives for computers, said it's cutting about 3% of its workforce in an effort to reduce costs amid a slump in demand for PCs.

SanDisk has announced that the Ministry of Commerce of China has approved the acquisition of SanDisk by Western Digital.

The transaction is expected to be completed during the second quarter of 2016.

The two companies could reach a deal as soon as this week.

Western Digital and Unisplendour have entered into an agreement under which a subsidiary of Unis will make a US$3.775 billion equity investment in Western Digital.

Hard-disk drive storage provider Seagate on Monday lowered its revenue and margin guidance ahead of the release of its fourth quarter earnings report later this month.

Hard disk drive supplier Seagate Technology has provided a financial update, reiterating that demand for HDD units will exceed supply in 2012 in the wake of flooding last year in Thailand.

Seagate raised its forecast for the fourth quarter, providing a somewhat more optimistic view of the disk-drive component constraints that have affected the industry due to catastrophic Thai floods.

Seagate alleged that Western Digital and a former Seagate employee misappropriated confidential information and trade secrets.

"This is going to take a lot longer than people are assuming, until the end of 2012 at least..."

At 18 times the cost of hard drives, solid-state disk drive purchases need to be strategic, however.

Seagate has shipped its one millionth solid state hybrid drive for laptop PCs after launching the product - Momentus XT - in spring 2010. Major computer makers including Alienware, ASUS, Dell, Sony and Toshiba now offer laptops powered by the 2.5-inch drive.

Toshiba has announced that it will establish two new technology development centers for hard disk drives (HDD). The "HDD Advanced Technology Center" will seek to accelerate development of higher density technology and the "HDD Manufacturing Technology Center" will develop enhanced manufacturing capabilities. Both will open on July 16th.

Toshiba has announced that it will realign its storage products businesses in a unified organization by merging its Semiconductor Company and Storage Products Company in a new in-house company on July 1.

Samsung is looking to sell the unit for US$1.5 billion, but it may consider a deal under US$1 billion, according to a person familiar with the matter. A potential buyer is Seagate Technology.

"Hard disk drives will serve the bulk of the laptop market for many years to come as makers of solid state drives remain overstretched to meet ever-growing demand for laptop storage..."

Western Digital again shipped more disk drives than Seagate in the fourth quarter of 2010, although Seagate's stronger enterprise presence allowed it to top WD in overall revenues.

Toshiba announced it has acquired Fujitsu's shareholding in Toshiba Storage Device and turned the JV its wholly-owned subsidiary. Toshiba and Fujitsu merged their HDD businesses in October 2009.

New suggested pricing for the Intel X25-M Mainstream SATA SSD is now US$199 for an 80GB drive. Users can double the storage capacity with a 160GB X25-M drive for US$415. The company has also added a new 120GB version of the Intel X25-M for US$249.

Western Digital has sought to reassure investors about the slowing hard-drive business, as the advent of tablet computers eats into computer demand.

Shares of Seagate Technology soared 21% in pre-market trading Friday after the hard disk drive maker revealed it has received interest in being taken private.

OCZ Technology is discontinuing the production of some lower-margin DRAM products as part of a shift to focus on higher-margin specialty and high-performance memory products.

The group aims to end a long and heated debate about the next big leap in disk technology and is expected eventually to include all drive makers and their component vendors.

SanDisk's SSD P4 and SSD G4 offer up to 128GB and 256GB of storage, respectively, double the capacities of the company's previous SSD offerings.

We all know that for the absolute best throughput of storage available to us today, it's in solid-state-drives. The problem with SSDs is cost and the limited storage capacity in comparison to the magnetic solutions. But upcoming solutions from Seagate and Toshiba may be able to come up with something in between.

Hitachi Global Storage Technologies is poised to secure net profits for the fiscal year ended December 21, 2010, according to company president and CEO Steve Milligan. Brisk demand for PC hard drives and fixed-cost reductions will contribute to its profit outlook.

Konica Minolta has decided to enhance its production capacity of glass substrates of hard disk drives (HDDs) by adding production line in response to a rapid growth in demand and the accelerated increase in storage density.

Both Seagate and rival Western Digital have seen demand for disk drives return even as supplies of the devices remain low, pushing up profits.

Hard disk drive maker Western Digital has posted a sharp increase in its fiscal second-quarter profit as sales grew amid a recovery in the technology sector and the company trimmed costs.