Seagate to Take up to $215-Million Charge

Seagate Technology Inc. completed its $230-million acquisition of closely held Quinta Corp. and said it will take a charge of $180 million to $215 million related to the purchase. Scotts Valley-based Seagate said July 2 that it would buy San Jose-based Quinta for its work on technology that combines traditional disk-reading technology with optical technology using lenses and lasers. Combining them would let Seagate make drives that hold more information and deliver it faster. Under the transaction, Quinta’s owners could receive as much as $95 million more if the company achieves certain production and design goals. Seagate, the world’s largest independent maker of disk drives, didn’t say whether the charge was before or after taxes. Quinta will operate as a wholly owned subsidiary of Seagate. Seagate shares rose 50 cents to close at $41.25 on the New York Stock Exchange.