October 2008
Japanese electronics company Toshiba Corp. would be interested in Fujitsu Ltd.'s hard-disk-drive business, if approached, an executive said.
Yoshiharu Izumi, an analyst at J.P. Morgan Securities Japan Co., said it might make sense for Fujitsu to work with Toshiba to turn around the hard-disk-drive business. The two companies "may want to cut their (hard-disk-drive) operations and put them together" to reduce costs, allowing them to shift resources to other businesses, the analyst said.
The Fujitsu spokesman declined to comment on whether it is in talks with Toshiba.
Fujitsu expects its hard-disk-drive operation will break-even or post a slight loss on estimated revenue of 370 billion yen ($3.49 billion) for its fiscal year ending March 2009.
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