Seagate Seen Moving Up ‘Storage Stack" With Xyratex
Seagate Technology’s (STX) acquisition of Xyratex (XRTX) for about $374 million is getting mixed reviews from analysts. Seagate, a maker of hard-disk drives for computers and other data storage systems, on Monday announced the Xyratex deal, which it expects to close mid-2014. Xyratex makes test equipment and storage subsystems. “Our overall take on the transaction is that it is another incremental data point that Seagate is trying to move up the