Tuesday, June 14, 2011

Seagate selling off assets from Strip District R&D facility - Pittsburgh Business Times:

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John Ward, of industrial auctioneer companyGoIndustry DoveBid, confirmed the June 3 He estimated the market value of the test and measurementf equipment, including test stations, a dicing saw and environmental/altitudd test chamber systems, to be “wel l into seven figures.” A Seagate spokesmanm was not immediately available for comment. Scotts Valley, Calif.-based a maker of computer disk announced in September it would close its research which employedabout 160, by the end of In an SEC filing, the company said the shutteringv should save about $30 million a year in and estimated charges relatedx to the closing will be at least $46 Research operations would be integrated with other the company said at the time.
Seagate movexd into the building, built for the company by Strip District-based The Buncher Co., in 2002. A skeleton crew remainsa now, Ward said.

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