Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

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To: Sarmad Y. Hermiz who wrote (9109)	4/17/2002 8:15:17 AM
From: Sam	Read Replies (2) of 9256

Well, may as well post the news here as well: 19:09 ET Hitachi/IBM strategic storage alliance Hitachi, Ltd. (HIT) and IBM Corp. (IBM) to form multi-year strategic alliance to research and develop new open standards-based technologies for next-generation storage networks, systems and solutions. Separately, companies intend to combine various hard-disk drive operations into new joint venture company. Upon completion, Hitachi expected to hold 70% of joint venture and make a payment to IBM for its hard-disk drive assets. What was your response? I can't say I like the idea of Hitachi selling drives any more than IBM. Why on earth they would want to get into another commodity business is beyond me.

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