Tuesday, June 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Self-driving tech: Apple working with Hertz, Alphabet Chooses Avis
Facebook, Microsoft, Twitter and YouTube Team Up To Counter Terrorism
Nintendo Super NES Classic Edition Coming in September for $80
EU Set to Announce Antitrust Fine Against Google
Microsoft Patent Describes Plan to Stop Thieves Stealing Laptops
Nokia 6 Smartphone Will be Available on Amazon
Toshiba Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix
Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix
Toshiba Open to Further Talks With Western Digital About Chip Unit Sale
Japan-led Consortium Wins Toshiba Memory Bidding
Toshiba Applies Spintronics Technology to Strain-gauge Sensor Element to Boost Sensitivity
Western Digital's SanDisk Subsidiaries Seek Injunctive Relief Against Toshiba in the Superior Court of California
Toshiba Faces New Lawsuit Over Accounting Scandal
Toshiba Announces Next Generation 15,000rpm AL14SX HDD
Apple, Dell, Kingston, Amazon, Could Join Foxconn In Bid for Toshiba Chip Business
Western Digital Said to Sweeten Offer For Toshiba's Memory Unit
Foxconn, Apple and Amazon to join Bid for Toshiba Chip Business: report
Toshiba Buys Back Stake in Toshiba Memory Corporation to Pressure WD
Sony Releases Enhanced Hard Disk Drives For Professionals

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .