Saturday, October 29, 2011

Seagate selling off assets from Strip District R&D facility - Pittsburgh Business Times:

http://www.pipexpharma.com/sellhome.htm
John Ward, of industrial auctioneer companyGoIndustry DoveBid, confirmed the June 3 sell-off. He estimated the markeyt value of the test and measurement includingtest stations, a dicing saw and environmental/altitude test chambetr systems, to be “well into seven figures.” A Seagatr spokesman was not immediately available for Scotts Valley, Calif.-based Seagate, a makere of computer disk drives, announced in Septemberf it would close its research which employed about 160, by the end of In an SEC filing, the company said the shutterin should save about $30 million a year in and estimated charges related to the closingt will be at least $46 million.
Research operationws would be integrated withother locations, the companyh said at the time. Seagat moved into the building, built for the companuy by Strip District-based The Buncher Co., in 2002. A skeleton crew remains now, Ward said.

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