Storage

Hitachi, Fujitsu, and Toshiba mulling over forming hard-drive company?

There are unconfirmed reports that Hitachi, Toshiba, and Fujitsu may be in talks to form a company dedicated to hard drive and storage technologies.

There are unconfirmed reports that Hitachi, Toshiba, and Fujitsu may be in talks to form a company dedicated to hard drive and storage technologies.

An excerpt from News.com:

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.

3 comments
databasesys
databasesys

This is a good venture. The failure rate of fugistu drives is high. So lets expect an improvement as happened when SOny and Erickson mobile phones companies combined their technologies. Amos Bwambale

Peconet Tietokoneet-217038187993258194678069903632
Peconet Tietokoneet-217038187993258194678069903632

The three companies heading towards a massive combined company is good news for the customer, as always, but what about who will be in control?. Will there be Three bosses or one?, this i will keep my ears open to. New products with the combined resources of the three H.F.T will be good. Faster componants that will be more reliable (i hope), bigger storage with the same size drives, this is what we all need, also could they make then faster so as we can format them faster instead of waiting ages?, this will be a God send. What will they be naming the company? Anymore suggestions please feel free to answer.

pr.arun
pr.arun

Each firm will own an equal part of the venture ... that is the news so far.

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