Printed from http://www.electronista.com

Toshiba interested in buying Fujitsu HDD unit

updated 04:20 pm EDT, Fri October 3, 2008

Toshiba Fujitsu HDD unit

A Toshiba executive on Thursday said the Japanese electronics company would consider purchasing Fujitsu's hard-disk drive unit if Fujitsu approached Toshiba, says a Friday WSJ report. The news comes after last month's rumored bid by Toshiba to acquire flash-memory maker SanDisk, in an attempt to stop its sale to competitor Samsung, which Toshiba President Atsutoshi Nishida denied at an industry event, according to the same report. Nishida feels the current relations between Toshiba and SanDisk are fine.

With Fujitsu expected to break even or post a loss in its hard-disk drive operations for the current fiscal year, at least on industry analyst in Japan believe the merger would be beneficial, as it would allow both companies to save overhead costs by merging their operations. Fujitsu failed to comment on any possible ties with Toshiba.

Toshiba hasn't disclosed the financial numbers for its hard disk drive business, but analysts estimate 10 billion yen (about $95 million) in operating profit and 360 billion (about $3.4 billion) yen in revenue for the 2008 fiscal year.





By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News