Ah I thought I had remembered their hard drive division being aquired but I was wrong! Per Wikipedia:

At least 218 companies have manufactured hard disk drives (HDDs) since 1956. Most of that industry has vanished through bankruptcy or mergers and acquisitions. None of the first several entrants (including IBM, who invented the HDD) continue in the industry today. Only three manufacturers have survived—Seagate, Toshiba and Western Digital