Disk drive consolidation as Western Digital buys Komag

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29th Jun 07, 05:00 PM

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Disk drive consolidation as Western Digital buys Komag

*Source: News.com (http://news.com.com/Disk+drive+conso...tag=nefd.top)*
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Western Digital has agreed to buy component maker Komag, in the latest move to consolidate the disk drive industry, for about $1 billion in cash, the companies said on Thursday.

The proposed merger comes amid a sharp fall in prices in the highly commoditized computer disk-drive industry, once one of the bedrock manufacturing sectors (http://news.com.com/Storage+giants+t...3-6147231.html) in Silicon Valley.

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