More sensitive technology transfer risks?  Iomega (best known for developing zip drives) is selling itself, in large part, to the Chinese.

This from today's Wall Street Journal:

In December, Iomega announced a transaction that would give substantial control to a company owned by the Chinese government. The company agreed to buy ExcelStor Great Wall Technology Ltd. and Shenzhen ExcelStor Technology Ltd. in a stock swap valued then at about $317 million. Those two entities are owned by Hong Kong-based Great Wall Technology Company Ltd., which is controlled by a unit of government-controlled conglomerate known as China Electronics Corp. 

EMC tried to buy the company, but Iomega said it will go with the Chinese.   

TrackBack URI for this entry

Comments (0)

Subscribe to this comment's feed

Write comment

Name

Title

Comment

smaller | bigger

Subscribe via email (Registered users only)

I have read and agree to the Terms of Usage.

Add Comment