Printed from http://www.electronista.com

Fujitsu sells off HDD business to Toshiba

updated 11:25 am EST, Tue February 17, 2009

Fujitsu Sells HDD To Toshi

Fujitsu this morning said it has struck a deal to transfer its hard drive business to Toshiba. A memorandum between the two will see Fujitsu spin off its storage efforts into a separate company and let Toshiba buy an 80 percent stake in the project, with Fujitsu eventually letting go of the remaining 20 percent. The decision is largely prompted by Fujitsu's potential $112 million loss in the division.

Although the agreement itself will be signed soon, the two expect the actual deal to take place in Toshiba's first fiscal quarter, which starts in April.

Toshiba positions the deal as particularly advantageous in giving it a much stronger position in small hard drives, such as those it builds for notebooks and portable media players. The Japanese electronics firm also sees the plan as an opportunity to branch out into hybrid flash/rotating and pure solid-state drives for servers and other business-class storage.

The shift also creates added competition for Hitachi, Seagate and Western Digital, all of whom are Toshiba's closest rivals.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. bigpoppa206

    Fresh-Faced Recruit

    Joined: Jun 2003

    0

    Fujitsu 15K SCSI

    drives, ah how I will miss you. Hopefully Toshiba won't s**** them up!

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News