catcorpse
04-17-2002, 07:24 PM
In a move, IBM join with Hitachi in a new venture.
Separately, IBM and Hitachi also said they plan to combine their various hard-disk drive operations into a new, stand-alone joint venture. Hitachi would own 70 percent of the joint venture and pay IBM for its hard drive assets, subject to the completion of negotiations, the companies said CNN (http://money.cnn.com/2002/04/16/technology/bc.tech.ibm.hitachi.reut/index.htm)
I found the original article at slashdot (http://slashdot.org/) and The USA Register (http://www.theregus.com/content/53/24667.html) . Seems that IBM want's to get out of the buisness and I really can't blame them. Remeber a few months ago when they stated that there hard drives weren't designed for 24/7 use. Hard drive manufactures are now cutting throats with prices
Analysts have pressured IBM (IBM: Research, Estimates) to sell its hard-disk drive business, which is part of its OEM technology group. IBM pointed to the OEM group last week as a reason for its poor first-quarter performance seems like the logical thing to do, if you can't beat them, join them.
Separately, IBM and Hitachi also said they plan to combine their various hard-disk drive operations into a new, stand-alone joint venture. Hitachi would own 70 percent of the joint venture and pay IBM for its hard drive assets, subject to the completion of negotiations, the companies said CNN (http://money.cnn.com/2002/04/16/technology/bc.tech.ibm.hitachi.reut/index.htm)
I found the original article at slashdot (http://slashdot.org/) and The USA Register (http://www.theregus.com/content/53/24667.html) . Seems that IBM want's to get out of the buisness and I really can't blame them. Remeber a few months ago when they stated that there hard drives weren't designed for 24/7 use. Hard drive manufactures are now cutting throats with prices
Analysts have pressured IBM (IBM: Research, Estimates) to sell its hard-disk drive business, which is part of its OEM technology group. IBM pointed to the OEM group last week as a reason for its poor first-quarter performance seems like the logical thing to do, if you can't beat them, join them.