• From: "M.K. Chatterji" <chat@xxxxxxxxxxxxxxxxxxxxxx>
  • To: technocracy@xxxxxxxxxxxxx
  • Date: Thu, 6 Jun 2002 09:23:03 -0500

A little bit of a historical marker in the making (for those of you 
on this list old enough to appreciate the significance -- with no 
offense intended!  :)  )

Hitachi and IBM have finalized an agreement announced in April for
Hitachi to buy most of IBM's hard disk drive business, including the
associated patents. Under the terms of the deal, Hitachi will begin
with 70 percent ownership and will own all of the hard disk business in
three years. IBM will continue using hard disk technology as part of
other, more complex storage systems. Despite the role that the
technology has played in IBM's strong history in the computer market,
the company has had difficulty in recent years in keeping the hard disk
drive operations running profitably.
New York Times, 4 June 2002 (registration req'd)

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