Arik Hesseldahl

Recent Posts by Arik Hesseldahl

NetApp Acquires Engenio Storage Business From LSI

NetApp, the storage networking equipment concern, said today it had reached a deal to purchase the Engenio storage business from chipmaker LSI for $480 million in cash. The move will bolster its place in the market for video and high-performance computing applications. LSI’s Engenio unit makes rack-mountable storage devices, and generated $750 million in sales in 2010. LSI said it would use the proceeds to fund a $750 million share buyback. LSI shares soared by nearly four percent in after-hours trading. NetApp shares finished the regular session down 11 cents, and appeared to be held for after-hours trading pending the end of a conference call discussing the deal.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work