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Short Take: Seagate plans sale of Scotland plant

Seagate is planning to sell its chipmaking plant in Livingston, Scotland, a company spokesman said today. The disk drive maker concluded that it is "no longer financially prudent" to continue operations at the facility. Seagate acquired the plant in 1987. The planned sale comes amid a widespread downturn in the disk-drive business.

Seagate is planning to sell its chipmaking plant in Livingston, Scotland, a company spokesman said today. The disk drive maker concluded that it is "no longer financially prudent" to continue operations at the facility. Seagate acquired the plant in 1987. The planned sale comes amid a widespread downturn in the disk-drive business.