Seagate Now Sees Future in Flash

To read this article from Pioneer Press, click on:
Seagate CEO sees future in flash

And this other one from Star Tribune confirming the information:
Seagate chief backs flash memory

To confirm this new interest in silicon-based memories, note that
Seagate never officially announced that it did in 2007 a 19.8%
investment in start-up Unity Semi-conductor, in which August Capital
III holds another 24%.

Unity is a fabless company in Sunnyvale, CA, founded in 2002, working
on a new generation of innovative nonvolatile memory, Resistive RAM,
which combines the speed of SRAM with the density of RAM and
non-volatility of flash. The company has already received $16 million in
funding. The story of its founder, president and CEO, Darrell Rinerson, is also
compelling. Just before forming this new company, he was VP of the
flash memory product group at Micron. He holds 12 U.S. patents and 24 published U.S. patent applications.

Probably one of the biggest mistake of Seagate was to sell many years ago its 25% stake in SunDisk (then SanDisk).

Western Digital was also an early investor in
SunDisk and the two HDD makers holds some IP on flash controller.