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Western Digital Wades Into Solid State

Stock quotes in this article: WDC , EMC , JAVA , IBM , HIT , STX , STEC  

Western Digital(WDC Quote) has snapped up storage component firm SiliconSystems, marking the hard drive specialist's entry into the Solid State Disk (SSD) market.

With the $65 million cash transaction, Western Digital is getting its hands on SSDs at a time when more and more storage firms are throwing their weight behind the technology.

"SiliconSystems' intellectual property and technical expertise will significantly accelerate our solid-state drive development program for the netbook, client and enterprise markets," said Western Digital CEO John Coyne in a statement. ...

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