| [ MIT ] in KIDS 글 쓴 이(By): Renoir (Apostle ☆맧) 날 짜 (Date): 1998년02월21일(토) 06시45분30초 ROK 제 목(Title): Adaptec 이 현대 반도체 (미) 매입하다 (Reuter 통신) Adaptec to buy Hyundai unit for $775 million -------------------------------------------- Computer component company Adaptec Inc. (ADPT) said on Thursday it agreed to acquire Hyundai Electronics America's semiconductor unit Symbios Inc. in a deal worth $775 million, including assumed liabilities. The combined company will sell a range of products to systems manufacturers, including storage subsystems, SCSI and Fibre Channel host adapters, and semiconductors with an emphasis on systems bandwidth management. Adaptec (ADPT) officials in Milpitas, Calif., were in talks with Symbios' parent company, Hyundai Electronics America, for two weeks. The Korean conglomerate had stated that it would sell some of its units due to pressure from the current Asian economic crisis, said Adaptec President and CEO Grant Severs in a press conference. Symbios had revenues of about $620 million in 1997 and employs 2,500 people worldwide. Adaptec had revenue of about $254 million in the quarter ended Dec. 31, 1997. It has a work force of about 3,500. The deal, subject to regulatory approval, is expected to be completed in 90 days. Adaptec officials see mutual benefit between the two companies, particularly in the area of RAID storage subsystems. Adaptec sells embedded RAID-on-the-motherboard solutions to PC workstation makers, including Intel Corp. and Hewlett-Packard Co. Symbios sells MetaStor network-attached RAID storage systems. "There has been some competition between the companies, but there is more complementarity than competition," Severs said. "We've targeted the low end of the [storage systems] market and Symbios has targeted the high end." Unlike Adaptec, Symbios, of Fort Collins, Colo., has its own chip fabrication plant. The Colorado Springs, Colo., plant is currently operating near capacity, and Adaptec has no plans to begin producing chips for Adaptec products in the near future, Severs said. However, he didn't rule that out in the future. "In the future our technologies will converge," he said. Adaptec originally tried to buy Symbios in 1995, when AT&T was shopping the unit around, but Hyundai prevailed at that time. Although Adaptec officials don't plan any sizable cuts in the Symbios work force, they did not expect Symbios President and CEO Charles Christ or other Symbios executives to continue in their jobs. Analysts said Adaptec got a good deal by buying a proven competitor in the RAID market with strong Fibre Channel technology and a talented staff. "Adaptec had no entree into high-end servers and none into the enterprise. Symbios gives them that," said Tom Lahive, an analyst at Dataquest Inc., in Framingham, Mass. "I think Adaptec got a good deal." (snip) Adaptec Inc., a maker of input/output components, had said earlier in the day that it planned to make its, "biggest announcement of its history." "We are excited that a company of Adaptec's experience and market ability has embraced this excellent organization," C.S. Park, president of Hyundai Electronics America, said in a statement. The company is an American subsidiary of South Korea's Hyundai Electronics Industries Co. Ltd. =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= 살아가는 것이란 변화한다는 것이며, Hoon (Paul) Kim 완벽하게 되는 것은 끊임없이 변화함으로 hpkim@ALUM.MIT.EDU 이뤄지는 것이다. (집)617-354-5694, (삐삐)617-668-7030 -- 김 훈, 1972~현재 http://www.shinbiro.com/~Renoir |