Thursday, April 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Posts Strong First-quarter Revenue
Computer Sales Keep Microsoft's Profit Low
Facebook Buys Fitness Tracking App Moves
Tech Companies Unite To Boost OpenSSL, Security
Facebook Introduces Newswire For Journalists
Surface Mini Accessories Appear On Amazon
OCZ Launches the RevoDrive 350 PCIe SSD
Sony Introduces New High-Resolution Audio A/V Receivers, Speakers and Blu-ray Home Theater Systems
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > PC Parts > Hitachi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 27, 2007
Hitachi May Sell Stake in Hard Drive Unit


Hitachi is mulling options for its ailing hard disk drive business including bringing in a strategic investor to turn the business around, according to sources close to the matter.

Hitachi, Japan's biggest electronics conglomerate, has not posted a profit in its hard disk drive (HDD) business in any year since buying it from IBM for $2 billion in 2002.

Citing several financial industry sources, investment bank Merrill Lynch has sounded out private equity funds that may be interested in the unit, Reuters reported on Thusday.

The Carlyle Group, Kohlberg Kravis Roberts, Bain Capital, and Silver Lake are among funds cited as possible investors, the sources said.

Hitachi may seek a fund to buy an equity stake in the hard disk drive business and then work with the fund to help revive it, one financial industry source said.

Hitachi today commented on articles that reported Hitachi decided on a plan to sell its Hard Disk Drive business.

"Hitachi is focusing on improving the performance of the Hard Disk Drive business, exploring every possibility. However the fact is that Hitachi has not decided to sell the Hard Disk Drive business," the Japanese company said today.

Hitachi's HDD unit lost $375 million in calendar 2006, a 60 percent bigger loss from the previous year, hurt by sliding prices for drives as laptop makers turn to flash memory drives for cooler and faster storage.

The Tokyo-based company, which holds a little less than 20 percent of the global HDD market, trails industry leaders Seagate Technology and Western Digital , which have been profitable despite aggressive notebook computer pricing.

Hitachi had promised its hard drives would be profitable this year.


Previous
Next
Nokia to Sell $25,000 Phone        All News        HTSA confirms Blu-ray Disc support
Dell XPS M1730 World's First Notebook With PhysX Processor     PC Parts News      Toshiba Announces High-Definition Laptops

Get RSS feed Easy Print E-Mail this Message

Related News
Hitachi HDDs Have The Lowest Failure Rate: report
Hitachi Combines SSD Tier And SSD Cache Methods in Tiered Storage Systems
Hitachi Brings New Flash, Unified Storage and Converged Solutions
HGST Launches the 1.5TB Mobile Hard Drive
Maxell Introduces First iVDR, BD, HDD Combo Recorder
Hitachi Maxell To Take Over Hitachi's LCD projector Business
Hitachi Says Hybrid Storage Pools Are Superior Than HDD, SSD Configurations
HGST Launches 1.2TB, 10K RPM Hard Drive
HGST Releases 1TB, 7200 2.5-inch Mobile Hard Drive
Hitachi To Stop Making Semiconductors by 2014
New Flash Module From Hitachi Data Systems Promises Superior Performance, Capacity and Reliability
Hitachi Develops Long-term Data Archival Method Using Glass Slivers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .