Western Digital-Hitachi: Consolidating Hard Disk Industry

“Western Digital, which makes hard drives for computers,
announced this morning it will buy Hitachi Global Storage
Technologies for about $4.3 billion in cash and stock.

“The hard drive world has been seen as ripe for consolidation,
particularly as the rise of tablet computers such as the Apple
iPad– which don’t use hard drives for data storage — is
casting doubt on the future of the sector.”

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