Printed from http://www.electronista.com

Fujitsu may sell HDD division to Western Digital

updated 12:05 am EDT, Thu October 2, 2008

Fujitsu in talks with WD

Fujitsu and Western Digital are allegedly in conversation over the purchase of Fujitsu's hard drive business sector, an inside source tells Reuters. Despite fierce denial on Fujitsu's part, the news sent the company's share price shooting up 3.3 percent on the Nikkei market to 620 (~$5.80), since Fujitsu's hard drive unit is currently losing money. The sale talks come as Fujitsu faces increased competition from Seagate and others, as well as plummeting storage prices.

The alleged deal is said to sit between 70- to 100 billion (~$660- to ~$945 million), and will leave Fujitsu to concentrate on IT consulting.

"There is no truth at this time to the Nikkei report concerning our hard drive business," Fujitsu said in a statement.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News