Feeds

WD: Thai flooding should speed EU decision on Hitachi

Deal good for everyone, says disk drive giant

Reducing the cost and complexity of web vulnerability management

WD believes the flooding in Thailand puts greater impetus on the European Competition Commission to green-light its proposed acquisition of Hitachi Global Storage Technologies.

The acquisition of Samsung's HDD biz by Seagate was cleared by competition regulators this week as they were notified of the deal by the vendor a day earlier, despite WD tabling its bid a month earlier.

The EC is concerned that the disk drive, which has already experienced "significant consolidation" will be left with just two behemoths and competition may be reduced.

John Coyne, CEO at WD, said the deal should be "cleared unconditionally" but had submitted a "proposed confidentiality remedy" to the EC to address issues raised following a review and expected a decision to be issued by the 30 November.

"We anticipate the other agencies reviewing our transaction will make their final determination within a similar timeframe. Therefore, we are maintaining our target for closing the HGST acquisition by the end of the calendar year," he said.

But Coyne has put a novel spin on the recent flooding in Thailand that is set to impact pricing and product availability, as revealed earlier today, claiming it could help push the deal through – as it would allow to mix and match components and production tooling.

"Getting this deal done quickly is very beneficial to the overall return of the industry supply and, therefore, very beneficial to customers," he said.

The competition regulator views its role "as being to protect the consumer", he added, "I see no better way to protect the consumer than making high-quality product highly available. And so I would hope they would adopt that view.

"We will certainly be pushing in that direction if we continue to work with them to propose what we believe are clear benefits of the deal," he said. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
No biggie: EMC's XtremIO firmware upgrade 'will wipe data'
But it'll have no impact and will be seamless, we're told
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.