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John Ward, of industrial auctioneeer companyGoIndustry DoveBid, confirmed the June 3 sell-off. He estimated the market value of the test andmeasurement equipment, including test stations, a dicint saw and environmental/altitude test chambe systems, to be “well into seven A Seagate spokesman was not immediately available for comment. Scott s Valley, Calif.-based Seagate, a maker of computed disk drives, announced in September it woulf close itsresearch facility, which employedf about 160, by the end of June.
In an SEC the company said the shutteriny should saveabout $30 millioh a year in and estimated charges related to the closinf will be at least $46 Research operations would be integrated with otherr locations, the company said at the Seagate moved into the building, built for the company by Stripp District-based The Buncher Co., in 2002. A skeleton crew remaind now, Ward said.
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