History (1995): Seagate Technology Acquires Network Computing

Following its diversification strategy in software, Seagate Technology (Scotts Valley, CA) has signed a definitive agreement to acquire Network Computing Inc. (Santa Clara, CA), a developer of network management software products for Novel NetWare environments, for an undisclosed amount of cash.

During its quarter ending March 31, Seagate anticipates it will incur a one-time in-process R&D write-off of approximately $5-$6million in connection with the acquisition.

This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue 85, published on February 1995.