Market Currents

• Wednesday, January 14, 2009

• 06:45 AM Toshiba (TOSBF.PK) and Fujitsu (FJTSY.PK) are in advanced talks to combine their hard-disk drive businesses. Toshiba would hold a majority stake in the JV, which would have revenue of nearly ¥700B ($7.8B). In Tokyo, Toshiba +6.0%, Fujistu +5.3%. Comment!

• Tuesday, December 9, 2008

• 09:06 AM Electronics maker Fujitsu (FJTSY.PK) is in talks with 'several parties' to sell its hard-disk-drive business, which it expects to lose ¥10B ($107.5M) in the fiscal year ending in March 2009. Western Digital (WDC) is among the leading candidates. Comment!

• Tuesday, November 4, 2008

• 04:06 AM Japan's Fujitsu (FJTSY.PK) will buy Siemens (SI) 50% stake in their PC joint venture for €450M ($567M). Fujitsu wants to expand its presence in Europe, and Siemens is spinning off non-core businesses to focus on power, energy and health services.
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