Hitachi is preparing an IPO for its Global Storage Technologies unit, looking to finally rid itself of an unprofitable hard drive business that has been an albatross around its neck for years. In its announcement Tuesday, Hitachi said it will list the shares on either the NYSE or Nasdaq.
Continue reading Hitachi Plans IPO to Spin Off Struggling Hard Drive Business
Hitachi Plans IPO to Spin Off Struggling Hard Drive Business originally appeared on DailyFinance on Tue, 02 Nov 2010 10:16:00.
Filed Under: Company News, Technology, Apple, Hitachi