Seagate + Maxtor = SeaTor or MaxGate?

Seagate has announced it will soon acquire Maxtor.

Seagate, which is currently the first in the hard drive market, has decided to further increase its advantage by acquiring Maxtor. Although Maxtor's number one customer was Dell, it seems that this was not enough to stem the losses. The price of the deal is 1,9 billion dollars (402,4 billion forints), in bonds, and will be sold sometime in the second half of 2006. In addition to Seagate, "only" Hitachi, Western Digital and Samsung is in the ring.