Sunday, December 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > PC Parts > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, January 14, 2009
Toshiba to Buy Fujitsu's Hard Drive Business


Toshiba said on Wednesday it is in talks to buy Fujitsu Ltd's hard-disk drive business in a deal reportedly worth 30-40bn yen ($335-$447m) and potentialy creating the world's largest maker of small hard drives.

The Nikkei business daily earlier reported that the deal would be announced at the end of the month if the heads of the two companies come to an agreement at a meeting to be held within the week.

Both Toshiba and Fujitsu confirmed today that they are holding negotiations but no agreement has been made.

"There were reports in the media today regarding Fujitsu Limited's hard disk drive (HDD) business. These reports are not based on any announcement made by Fujitsu," reads Fujitsu's announcement.

"Reports in today's media of a potential transaction in the hard disk drive business are not based on any announcement by Toshiba. While the companies involved are in negotiations, nothing has been decided yet," Toshiba said today.

Such a deal would create the world's largest maker of small hard drives that are used in electronics products such as laptops and car navigation systems.

Fujitsu is looking at selling its remaining hard-drive operations to other firms with an eye on withdrawing from the business altogether, the Nikkei said.

Seagate Technology, the world?s largest producer of hard- disk drives, bought magnetic-head manufacturer Maxtor in 2007, while its closest rival Western Digital paid $1 billion for component maker Komag Inc. last year.

Hitachi Ltd., the world?s third-largest maker of the drives, returned the business to profit in the quarter ended March 2008 after cutting about 11 percent of workers at the unit and closing plants. The operation had lost money since Hitachi bought factories from IBM in 2002.


Previous
Next
Pioneer Stops Production of LaserDisc Players        All News        Experts Announce the 25 Most Dangerous Programming Errors - And How to Fix Them
Seagate Announces New Cheetah Hard Drives     PC Parts News      Next Version of DisplayPort to Support HD 3D, Higher Resolutions

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Toshiba Announces 6TB Enterprise Capacity HDD Models
Fujitsu Introduces Two Tablets for Businesses
Toshiba's New Canvio AeroCast Wireless HDD Lets You Play Digital Content On Your TV
Fujitsu Develops Sensing Middleware to Simplify Development of Sensing Applications
Toshiba Expands Line-up of Enterprise SSDs
Toshiba Launches ARM-Based Application Processors with Sound, Image Data-Mining and Security Functions
Toshiba Develops Low-bitrate SHVC Encoding Technique For Efficient HD to 4k Conversion
ASTC Says 100 TB HDDs Coming in 2025
Toshiba's Enterprise PC Solution Uses BIOS to Secure Information Security
Fujitsu Develops LED Lighting Technology that "Shines" Data on Objects
Toshiba and Cisco To Collaborate In Internet of Things Solutions

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 .