Seagate says hard disk drive demand will exceed supply this year but the company says it is faring better financially than expected.
Seagate's BlackArmor is a family of network-storage solutions for small business. The devices offer up to 8TB of capacity.
In the $1.375 billion transaction, Seagate gets Samsung's hard-drive unit, Samsung gets a stake in Seagate, and the hard-drive industry consolidates even more.
Seagate introduces BlackArmor family of network storage solutions for small businesses that includes BlackArmor NAS 440 and BlackArmor NAS 420 NAS servers that each offer up to 8TB of capacity.
The 1.5TB Seagate hard drive can be had for a very good deal.
The disk drive maker reports substantially increased earnings of 95 cents a share, a penny shy of analysts' estimates for the company's fourth quarter.