Feeds

STMicrolectronics takes on Adaptec chippies

Pays $73 million for the privilege

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

Adaptec has completed another step in its reorganisation with the disposal of its storage chip design team to STMicroelctronics. STMicroelectronics will pay around $73 million cash for Adaptec’s Peripherals Technology Solutions (PTS) Division. The company will take on the PTS team, along with the PTS “product portfolio, intellectual property and patents, license know-how related to disk controllers, interfaces and read-channel technology, and purchase certain fixed assets”. This technology will enable ST to drive forward what it dubs the “super-integration of the read-write channel and disk controller”. Throughout 1998, Adaptec has slashed headcounts and hived off non-core technollogies, in an attempt to boost profits. It will concentrate on its key strengths in SCSI adapters and RAID controllers. It also thinks there is an opportunity in Storage Area Networking (SAN), a new technology that manages to be at the same time hugely lucrative and deeply dull. Adaptec effectively threw in the towel on semiconductor design , following the FTC- inspired collapse of the company’s proposed takeover of Symbios from Hyundai in June. Lacking economies of scale, the company was finding it increasingly difficult to justify the capital expenditure needed to stay in the game. Also, many customers in the hard disk drive manufacturing sector had grown to the point where they were designing their own silicon, Adaptec interim CEO Larry Boucher told US news wires. Adaptec is the second storage vendor in recent weeks to divest its semiconductor activities. Seagate Technology last month announced its intention to shut down its chips for disk drives facility in Scotland with the loss of more than 200 jobs, after failing to find a buyer.®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.