Seagate Technology Inc shares were a very active market late last week after chief executive Alan Shugart declined to comment on gossip that the big disk drive manufacturer, which has been going through a very sticky patch, was for sale. Followers of DEC believe that the company needs to acquire a major disk drive manufacturer if it is to achieve its ambition of becoming fully competitive with IBM, and now that the company has abandoned the habits of a lifetime by buying in a processor technology and taking a stake in its developer – MIPS Computer Systems Inc – a move for a disk drive maker is a possibility. Definitely available at the right price is Control Data Corp’s Imprimis Technology Inc disk subsidiary.
