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Seagate estimates disappointing rev as demand falls in China

April 13- Hard-disk drive maker Seagate Technology Plc estimated third-quarter revenue and adjusted gross margin below its forecast due to reduced demand for its products, primarily in China. The company, which estimated revenue of about $2.6 billion and adjusted gross margin of 23 percent for the quarter ended April 1, also cited its decision to not...

Source: Reuters

Mac ransomware downloaded about 6,500 times, Transmission rep says

BOSTON, March 7- The first known ransomware targeted at Apple Inc's Mac computers was only downloaded about 6,500 times, according to a representative for the Transmission project, whose software was used to launch the attack. Transmission representative John Clay told Reuters via email that the ransomware was added to disk-image of its software after the...

Source: Reuters

Amazon to restore encryption to Fire tablets after complaints

"We will return the option for full-disk encryption with a Fire OS update coming this spring," company spokeswoman Robin Handaly told Reuters via email on Saturday. Well-known cryptologist Bruce Schneier called Amazon's removal of the feature "stupid" and was among many who publicly urged the company to restore it. Apple Inc's legal battle over U.S. government...

Source: Reuters

UPDATE 6-Western Digital's SanDisk deal re-priced after China deal collapses

Feb 23- The U.S. hard-disk maker, Western Digital Corp, said on Tuesday that China's Unisplendour Corp Ltd had scrapped its planned $3.78 billion investment in the company, a move that in turn alters the terms of Western's deal for rival SanDisk Corp.. Unisplendour, a unit of China's state-backed Tsinghua Holdings Co Ltd, dropped its plan to buy a 15 percent stake in...

Source: Reuters

UPDATE 4-Western Digital cuts SanDisk offer after China deal collapses

Feb 23- Western Digital Corp cut its offer for rival hard-disk maker SanDisk Corp by over $3 billion after China's Unisplendour Corp Ltd scrapped a deal to buy a stake in the company amid concerns about U.S. national security. Unisplendour, a unit of China's state-backed Tsinghua Holdings Co Ltd, said in September it would buy a 15 percent stake in Western Digital...

Source: Reuters

RPT-UPDATE 3-Western Digital says China's Unisplendour drops investment plan

Feb 23- Western Digital Corp said China's Unisplendour Corp Ltd backed out from buying a stake in the hard-disk maker, forcing the U.S. company to cut the price of its proposed offer for rival SanDisk Corp by 9 percent. Unisplendour, a unit of China's state-backed Tsinghua Holdings Co Ltd, had said in September it would buy a 15 percent stake in Western Digital for...

Source: Reuters