There are unconfirmed reports that Hitachi, Toshiba, and Fujitsu may be in talks to form a company dedicated to hard drive and storage technologies.
The new company would combine the limping hard drive divisions of Hitachi and Toshiba as well as some of the storage systems technology from Fujitsu. Each would own a third.
The three-way deal is being proposed as an alternative to a private equity buyout. Hitachi has been in discussions with equity firm Silver Lake and others about spinning off its money-losing hard drive group, according to sources and news reports.
Hitachi was reportedly making a move out of the small hard disks business, an area that was increasingly getting dominated by flash memory-based solutions. Perhaps combining the best technologies from the three vendors could bring great innovation to the storage front.