Monday, December 23, 2013

Seagate to Acquire Xyratex for HDD Testing

Seagate Technology agreed to acquired Xyratex (NASDAQ: XRTX), a developer of hard disk drive (HDD) capital test equipment, in an all-cash transaction valued at $13.25 per share, or a total of approximately $374 million, including approximately $80 million in cash on Xyratex’s balance sheet.

Seagate said the acquisition will strengthen its vertically integrated supply and manufacturing chain for disk drives and ensure uninterrupted access to important capital equipment. The acquisition also expands Seagate’s storage solutions portfolio by adding Xyratex’s enterprise data storage systems and high-performance computing business. Seagate will operate this business as a standalone entity and will focus on opportunities to improve and expand the business.  

http://www.seagate.com/about/newsroom/press-releases/seagate-to-acquire-xyratex-master-pr/

China Unicom Deploys Huawei's Small Cells in Harbin

China Unicom will begin deploying Huawei's AtomCell small cell solution in the city of Harbin.  The small cell network will use the same frequency as China Unicom's existing macro network without needing to invest in new transmission resources.

Huawei's AtomCell supports both wired and wireless backhaul depending on operator needs to greatly site resource acquisition and shorten time for network construction, and supports end-to-end IP RAN networking.  Financial terms were not disclosed.

http://www.Huawei.com

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