Hitachi GST IPO may be coming
Reuters saying - so it isn't spin
Posted in Storage , 31st August 2010 17:53 GMT
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Via Aaron Rakers of Stifel Nicolaus I'm hearing Hitachi GST may be being prepped for an IPO.
He cites a Reuters report which mentions an IPO is one alternative and others include an outright sale by Hitachi of all or part of its disk drive operation.
Likely buyers if a sale is consider have to be the existing HDD manufacturers, led by Seagate and Western Digital, who would see this as a means of amortising R&D dollars across a vastly greater number of drive units. ®
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