Hitachi drives into recession alone
We don't need your Yankee dollars
Thursday, 17 April 2008, 16:42
NUMBER THREE RANKED hard drive manufacturer Hitachi has withdrawn from talks with US equity firm Silver Lake about a possible injection of capital and now plans to rebuild its business alone.
According to Computerworld, Hiroaki Nakanishi, head of Hitachi Global Storage Technologies, did not rule out further investment deals down the line. "In this quickly changing market, you sometimes need to be able to spend a lot on research and equipment, to be able to grab market share," he said.
The troubled business plans to increase market share and cut costs to keep its head above the increasingly turbulent waters of the computer storage market. ยต
L'Inq
Computerworld
Share this:
Share
Advertisement
Subscribe to the INQ Newsletter
Sign-up for the INQBot weekly newsletter
INQ Whitepapers
Business Intelligence Software
Customer Relationship Management (CRM)
Enterprise Accounting Software
Enterprise Resource Planning (ERP)
Enterprise Systems Management
Jobs
Advertisement
INQ Poll
I hope they go under. They region their drives so when I bought 4 oem drives from a business that had been unused and one died, i was told i couldn't get it rma'ed because it was regioned for europe (in the us). Their answer was tough luck. This is after when i first received them and checked them they were warrantied into 2009.

Rot in hell you terrible company, good riddinance.