Daily Archives: May 24, 2012

Seagate and Lacie announce exclusive agreement with intent for Seagate to acquire controlling interest in Lacie

Seagate Technology plc the worldwide leader in hard disk drives and storage solutions, and LaCie S.A. (Euronext: LAC), a leading manufacturer of consumer storage products, today announced an exclusive agreement with the intent for Seagate to acquire a controlling interest in LaCie. Seagate has offered to purchase from Philippe Spruch, LaCie’s chairman and CEO, and his affiliate, all of their shares, representing 64.5% of the outstanding shares of LaCie. Following receipt of governmental approvals[1] and the close of this transaction, Seagate would commence an all-cash simplified tender offer (followed as the case may be by a squeeze-out procedure) to acquire the remaining outstanding shares in accordance with the General Regulation of the French Autorité des Marchés Financiers (AMF).

Seagate has offered Mr. Spruch and his affiliate €4.05 per share in cash, minus a potential adjustment depending on the cash and debt position of LaCie at closing. This price may be increased by a possible price supplement of 3% in the event that the threshold of 95% of the shares and voting rights of LaCie would be reached by Seagate within 6 months following closing, resulting in a maximum potential price per LaCie share of €4.17. Without the price supplement, the offer currently values LaCie at an approximate €146 million, or $186 million total equity value, including acquired net cash of approximately €49 million, or $65 million, as of March 31, 2012. The €4.05 per share price represents a premium of 29% to LaCie’s average closing stock price over the 30 trading days ended May 22, 2012. Read the rest of this entry »

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Posted by on May 24, 2012 in Seagate


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APC by Schneider Electric Debuts Flat-Packed Rack

APC by Schneider Electric, a global leader in integrated critical power and cooling services, today announced the launch of its SmartRack solution, a rack enclosure combining elegant aesthetics with practical functionality and affordability. SmartRack is designed to serve the IT infrastructure needs of a wide spectrum of businesses and is especially targeted for server and network application, in Server Room or Datacenter facilities.

SmartRack’s innovative design allows it to be flat-packed, reducing transport and storage costs. The SmartRack’s slim-line packaging has been designed with distributors and channel partners in mind. The compact arrangement contributes to a more cost effective transportation and storage process, while the clean design of the rack allows for efficient set up in only 15 minutes. Read the rest of this entry »

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Posted by on May 24, 2012 in Schneider Electric


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HP Enables Telecoms to Deploy and Manage Mobile Applications for Business Customers

HP announced a mobility platform for communications service providers (CSPs) that enables them to help enterprise customers increase productivity by supporting employee use of smartphones and tablets.

The HP Enterprise Mobility platform enables enterprises to provide internal mobile applications (apps) to employees so they can access company data quickly, easily and securely on their personal mobile devices. Read the rest of this entry »

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Posted by on May 24, 2012 in HP


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PHL software services outsourcing up 37% in 2011



The software services outsourcing industry in the Philippines posted a positive growth as it reached a robust 37% in 2011 which translates to US$993 million with 11% growth rate on employment or some 50,000 information technology (IT) professionals, based on a recent study conducted by the Philippine Software Industry Association (PSIA).

The nearly US$1 billion figure is attributed to an increase in demand from international clients to tap local firms for their specific IT and software requirements. Read the rest of this entry »

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Posted by on May 24, 2012 in PSIA


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ThinkPad: An Icon in the PC Industry

Wee Liam So, Technical Manager, Think Business Unit for ASEAN, Lenovo, shows off the innovative design and features of the ThinkPad with a stripped down ThinkPad W520.

With the ThinkPad reaching its 20th year in the personal computing, Lenovo recently held a “Teardown the ThinkPad” session at Chocolate Fire, Makati City in celebration of the ThinkPad’s two decades of innovation and leadership.

Wee Liam So, Lenovo’s technical manager, Think Business Unit for ASEAN demonstrated why Lenovo’s ThinkPad has become such a well recognized icon in the personal computing (PC) industry by disassembling a ThinkPad W520 to show its high build quality. Read the rest of this entry »

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Posted by on May 24, 2012 in Lenovo


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New EMC VMAX Enterprise Storage Family Accelerates Transformation to the Hybrid Cloud

At EMC World 2012, EMC (NYSE:EMC) today announced the new EMC VMAX Family, consisting of the VMAX 10K, VMAX 20K and the newest member of the family, the VMAX 40K. The new EMC VMAX Family is a comprehensive lineup of enterprise storage arrays, all built upon the industry-leading Virtual Matrix Architecture first introduced in April 2009. Complementing the new EMC VMAX Family is a host of new software capabilities that streamline operations and extend the market-proven VMAX to new hosts and applications, while integrating customers’ existing storage assets into an integrated and unified pool of storage resources. Combined, the scalable EMC VMAX Family offers the most powerful, most trusted, smartest and most efficient enterprise information infrastructure for deploying Hybrid Clouds.

The EMC VMAX Family is anchored by the new VMAX 40K, a revolutionary new product that establishes new maximums for performance, capacity and scale in the enterprise storage market. Delivering as much as 3X more performance and 2X the usable capacity of any other enterprise storage product, the VMAX 40K is optimized to support hyper-consolidation of the world’s most demanding big data, transaction processing, analytics and cloud computing applications.

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Posted by on May 24, 2012 in EMC


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