Hitachi leads the dinosaurs race to extinction
As far as I’m concerned, this couldn’t happened to a bigger bunch of hosers than Hitachi. They’ve managed to lose money in their hard drive business which has been their crown jewel in their business. Hitachi large hard disks and arrays have the best quality rep in the business—so good that they drove IBM out of business making “plug compatible” drives for IBM mainframes and mid-frames that were twice as good as IBM and less costly.
Saaaaa, how those dinosaur turds at Hitachi lost this lead is beyond belief.
Japan electronics conglomerates set for Q1 losses
TOKYO — Japan’s big four electronics conglomerates, led by Hitachi Ltd., are expected to post quarterly losses this week due to a slump in their chip businesses …
…Hitachi… bought International Business Machines Corp.’s disk drive division in 2002 for $2.05 billion, and targeted the unit as one of its core businesses. But the hard disk operations have been mired in the red in recent years, hit by low production yields and fierce competition from rivals such as U.S.-based Seagate Technology.
In contrast, Seagate, the world’s largest hard disk drive maker, last week posted a record quarterly profit, helped by strong demand for desktop PCs and consumer electronics products…..more….
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