Adaptec expanded its RAID business with Tuesday's acquisition of certain RAID data-protection intellectual property, RAID products, and RAID expertise from IBM. <P> As part of the agreement, Milpitas, Calif.-based Adaptec will manufacture and sell RAID controllers to IBM for the latter's iSeries and pSeries servers in a deal expected to bring about $150 million in revenue to Adaptec. <P> Terms of the deal were not revealed. However, an Adaptec spokesperson said the company plans to disclose some of the details during the company's quarterly earnings conference July 29.
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