Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 179.68

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3:59 PM EST

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To: Pierre-X who wrote (3771)	6/19/1998 1:33:00 PM
From: MKL	of 9256

News from Fujitsu! If Fujitsu is successful in selling the additional drives then oversupply will continue for Seagate, Quantum and WD. TOKYO, June 16 (Reuters) - Fujitsu Ltd said that it would boost its annual production of hard disk drives at its factories in Japan and overseas by 50 percent to 18 million units in 1998/99. The company plans to invest in new production lines for hard disk drive-related products at two of its domestic plants as well as plants in Thailand and Philippines. A spokesman for the company said Fujitsu also aims to raise its share of the global hard disk drive market to 15 percent in the current business year from about 10 percent now. Industry sources say Fujitsu is expected to invest about 40 billion yen. The spokesman, however, declined to confirm this figure.

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