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Hitachi

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.
Hitachi and General Electric's nuclear power unit will open five new sales offices around the world by the end of this year. Target markets include the U.S., Vietnam, the U.K., Spain and Poland.
Worldwide personal computer shipments increased more than 20 percent in the first three months of 2010 from the same period a year ago, a sign the PC business is on firmer ground after one of its shakiest stretches ever. The quarterly increase was higher than expected by IDC and Gartner.
For smaller companies trying to plant a stake in the ground of larger, more established companies, one strategy is simply to team up. That's what three small well-known players in mobile phones could soon announce in Japan, as NEC, Hitachi (HIT), and Casio Computer discuss combining their...
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