Wed Tech News
Poster: Aron Schatz
Posted on December 21, 2005 at 3:06:49 PM
Seagate buys Maxtor. A good HDD manufacturer buys a POS HDD manufacturer. I wonder what is in store for consumers considering most hard drive deals seem to focus on Maxtor drives.
Wolly Mammoth DNA sequenced.
China suffers water supply shortage due to toxic spill.
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Under the terms of the deal, Maxtor shareholders will receive 0.37 share of Seagate stock, the equivalent of $7.25 a share. That is a 60 percent premium over the price of Maxtor's shares, which closed Tuesday at $4.52. When the deal is completed Seagate investors will own about 84 percent of the combined company and Maxtor shareholders about 16 percent.
Wolly Mammoth DNA sequenced.
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The 5,000 DNA letters spell out the genetic code of its mitochondria, the structures in the cell that generate energy. The research, published in the online edition of Nature, gives an insight into the elephant family tree.
China suffers water supply shortage due to toxic spill.
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A toxic waste spill from a zinc smelter, the second environmental disaster to hit China in weeks, halted water supplies from a southern river for eight hours and threatened cities downstream, state media said on Wednesday. China is still reeling from an explosion at a chemical plant in the northeast last month which poisoned drinking water for millions and sent a toxic slick heading for neighboring Russia.