The hard drive market could be heading toward further consolidation. Fujitsu doesn't get as much press as the Seagates and Western Digitals of the storage world, but it does produce its fair share of notebook hard drives. However, according to Channelnewsasia.com, the Japanese firm may be preparing to sell off its mechanical storage business.
Japanese paper Nikkei first broke the news, saying Fujitsu is mulling a sale to Western Digital and "aims to reach an accord by the end of the year." A potential transaction could see WD cough up $660-950-million, reportedly two to three times the yearly revenue of Fujitsu's hard-disk-drive unit.
Channelnewsasia.com says Fujitsu commented today that it was "reviewing its loss-making hard-disk drive business." A company spokesman added, "We are exploring various possibilities for our HDD business," but he claimed Fujitsu hasn't yet made any concrete decisions.
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