Fujitsu plans to sell HD business
Fujitsu, Ltd. has built a reputation for manufacturing sturdy but relatively affordable hard drives. So it came as a surprise when news came out that the Japanese company is in talks with Western Digital Corp. and other companies about selling its hard drive business. Apparently, Fujitsu’s hard drive division has been losing money.
The company is reportedly intent on selling their hard drive business by year end because of pressures on the company attributed to price declines.
A successful bid from Western Digital will allow the company to further expand its presence in the laptop hard drives sector, a crucial move as it tries to narrow the gap between it and current number one Seagate.