View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 7, 1987


By CBR Staff Writer

Still short of cash, Tandon Corp has decided to withdraw almost completely from the disk drive business with which it made its name, and has agreed in principle to sell its Winchester drive business to Western Digital Corp, Irvine, California for $40m to $45m cash and other consideration and assumption of $34m in liabilities, mainly trade payables. For that sum, Western will get about $51m in assets, including the rest of the new Westan Pte Ltd joint venture in Singapore, and the disk drive engineering and manufacturing facilities, including plated media, in San Jose, Santa Clara and Singapore. Tandon retains all rights to one disk product – the Personal Data Pac removable Winchester dbive, and will be able to get disks from Western at very competitive terms and conditions. Tandon will concentrate on its Personalikes and subsystems, expected to be 85% of sales this quarter.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.