IBM sells off more storage biz (to LSI Logic)
IBM is continuing its flight from the storage component business by selling its Mylex business unit, which makes RAID controllers, to chipmaker LSI Logic Corp. The move marks an expansion for LSI downmarket into the market for NT RAID storage. Terms of the deal, which is expected to close in the third quarter were not disclosed. IBM bought Mylex in 1999 for $240m, and will hand to LSI a business unit with an established dealer network, and OEM relationships with IBM, NEC, Fujitsu-Siemens, Xyratex and Eurologic.
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