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 Technology Stocks : Disk Drive Sector Discussion Forum

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To: Tom Simpson who wrote (9114)4/19/2002 2:15:09 PM
From: SamRead Replies (1) of 9256
 
Hi Tom, Sarmad,
Here is Gus's take on the IBM/Hitachi deal, in his usual shy, equivocating manner<vbg>; from the EMC thread:

The second part is the sale of the IBM disk drive division ($3.0B to $3.8B a year) to Hitachi ($800M a year).
Everybody in the industry is quaking in their boots at the prospect of a money-losing IBM disk drive division
(current loss rate: $600M-$700M a year) being merged with a money-losing Hitachi disk drive division (current
loss rate: a gazillion yen a year) to create a very profitable disk drive juggernaut.

Huh?

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