Feeds

Hitachi to go it alone on discs after all

Hard driving to self-sufficiency

Combat fraud and increase customer satisfaction

Hitachi has done an about turn and decided it won't be selling its struggling hard drive division.

The division was formed when Hitachi bought IBM's disk business in 2002 and has made losses for almost every quarter since. In late 2007 Hitachi was trying to sell the business to private equity group Silver Lake.

But, updating investors today, Hitachi Global Storage Technologies said it would continue to run the business on its own. It will keep on cutting costs, which fell 13 per cent in 2007, and improve its focus - it got out of the 1 and 1.89 inch markets last year.

But the company said it might consider further funding alternatives in the future - it could be that the Silver Lake deal is another victim of the credit crunch as much as a change in strategy.

The firm said it was very serious about "becoming self-sufficient," which is nice.

It made a profit in the second half of 2007 on revenues of $5.56bn and hopes to end 2008 in profit. It hopes to ship 558 million units in 2008 - 12 per cent more than last year. ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.