|Report: Samsung may sell off hard-drive business|
April 18, 2011 6:00 AM PDT
by Don Reisinger
Read more: news.cnet.com
Samsung plans to sell its hard-drive business, a new report claims.
The electronics company would like to make $1.5 billion on the sale, but it might take less than $1 billion, The Wall Street Journal is reporting, citing an anonymous source. The source told the Journal that, in no uncertain terms, "Samsung is trying to get rid of [its HDD operation]," and one of its chief competitors, Seagate, is a potential suitor.