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Old 08-05-2002, 11:58 AM
waxhell
 
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Default IBM's Hard Drive Division Sold
Hitachi got the ok from the European Union to buy IBM's Hard Drive business. This is a $2.05 billion dollar deal, with Hitachi initially owning 70% initially, and the full part in 3 years.

The two companies said in April that IBM would sell the hard drive operations and collaborate with Hitachi on open-source storage systems.

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