Saturday, January 12th 2008

Hitachi, Toshiba and Fujitsu Could form Hard Drive Company

This is another story which is still at the rumour stage I’m afraid, but some sources are claiming that Hitachi, Toshiba and Fujitsu could be planning to form a new company dedicated to producing hard drives and storage systems. The deal would be instead of Hitachi selling its struggling hard drive division to a private equity firm, and comes following unsuccessful talks with Silver Lake, the company responsible for turning around Seagate’s fortunes years ago. It is thought that Hitachi is not particularly keen on selling part of its company to ‘outsiders’ such as Silver Lake for cultural reasons, and would be more trusting of other Japanese companies such as Toshiba and Fujitsu. Any deal is expected to be reached by April 1st, which represents the start of the business year in Japan.Source: CNET News.com
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1 Comment on Hitachi, Toshiba and Fujitsu Could form Hard Drive Company

#1
WarEagleAU
Bird of Prey
Sounds like good news. If these giants got together, we'd see some nice competition and even more terrific products. Hitachi makes a world class HDD.
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