15 Jan 09 Toshiba Wants Fujitsu Hard Drives

Toshiba, one of the world’s largest makers of “flash memory” and computer chips, is reportedly interested in acquiring Fujitsu’s hard-disk drive business. Western Digital was rumored to be interested in Fujitsu as well but it looks like Toshiba has just sweetened the pot with its entry into the fray.

And if the grapevine is true, Fujitsu openly declared that they are negotiating with multiple parties but it looks like Toshiba has the inside track. And with the reputation of Toshiba obviously put into consideration it looks like Fujitsu is barking at the right party to take over.

A deal, which is expected to be priced at between Y30bn-Y40bn ($340m-$450m), would allow Fujitsu to exit another lossmaking hardware business, as the Japanese group seeks to concentrate on higher-margin IT services. Toshiba, meanwhile, would be able to spread its bets in the data storage market.

(Source) Financial Times

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Tags: computer chips, data storage market, flash memory, Fujitsu, fujitsu hard drives, hard disk drive, Toshiba, western digital