Japan's Hitachi to stop making most home computers
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Japan's Hitachi Ltd said Tuesday that it will stop making most personal computers (PCs) amid heated price competition with foreign rivals.
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Company discontinues many consumer electronics lines to focus on PCs--and profitability.
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Japanese electronics maker Hitachi slashed its full-year profit forecast because of ballooning costs to repair nuclear reactors and slumping sales of some products, saying Friday it now expects to lose 55 billion yen this year, or about $467.3 million.
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Hitachi is considering a shake-up of Hitachi Global Storage Technologies (HGST), the hard-disk drive maker that it acquired from IBM in 2003.The Tokyo company said in a statement to the Tokyo Stock Exchange that it is considering &quot;all options&quot; regarding the subsidiary.The statement was issued in response to a report in the Friday morning edition of The Nikkei newspaper that said Hitachi is in talks with U.S. investment fund Silver Lake over the sale of just under half the company. The Nikkei said that the two parties are trying to come up with a deal by January however agreement remains some way off because there are disagreements on price.Hitachi declined to comment beyond its statement.Despite coming up with several market-leading drives, such as the&#160;first terabyte hard-disk drive&#160;at the beginning of this year, the company hasn&#39;t yet been able to make a profit under Hitachi&#39;s ownership. It is the third-largest manufacturer of hard-disk drives behind Seagate and Western Digital.Hard-disk drive makers have been enjoying better business conditions in the market in the second half of 2007. Early in the year prices fell about 20 percent per quarter but those sharp price declines have now steadied and prices dropped just 5 percent in the fourth quarter, according to a recent report from iSuppli.The research agency said worldwide shipments of drives hit 132 million units in the third quarter, a 15 percent jump from the 115 million shipped in the second quarter. It predicted the seasonably strong fourth quarter will see a further 11 percent jump in shipments from the previous quarter.
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Silicon Graphics to stop selling computers using MIPS chips and Irix operating system at end of 2006.
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By Kyodo News International, Tokyo  Feb. 16--TOKYO -- Toshiba Corp. said Friday it will close its  refrigerator plant in Ibaraki, Osaka Prefecture, in March 2008 as part of  efforts to improve the competitiveness of its household electrical products.
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Japan's Mitsubishi Electric Corp. said on Tuesday it would gradually stop making liquid crystal display (LCD) panels for televisions and computers, instead focusing on smaller LCD panels.
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Hitachi Ltd.  said on Friday it  will recall 16,000 batteries made by Sony Corp.  for  laptop computers, joining a growing list of PC makers recalling  Sony batteries.
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TOKYO (AFX) - Mitsubishi Electric Corp plans to stop producing LCD (liquid crystal display) panels for television sets and personal computers and shift to smaller panels for cellular phones and industrial equipment, the Nihon Keizai Shimbun reported
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Japanese electronics maker Hitachi said Friday that it would recall 16,000 Sony-produced laptop batteries, becoming the seventh company do so over the past month. The batteries are found in laptops sold to businesses mainly in Japan.
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Hewlett-Packard is getting rid of one of its high-profile utility computing projects, although much of the technology will live on in other initiatives.
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Japan's Toshiba Corp (6502.T) said on  Tuesday it would stop promoting its HD DVD format for the  next-generation DVD after losing the support of key studios and  retailers to the Blu-ray technology backed by Sony Corp  (6758.T).
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Toshiba has halted production of HD DVD players and recorders, Japanese public broadcaster NHK reported Saturday evening
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At just after 3:00 am Eastern Time, Toshiba officially pulled the plug on its efforts to promote and manufacture HD DVD home theater consoles and disc drives, announcing its intention to cease all manufacturing and promotional operations by the end of March.
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Hitachi has introduced a new desktop drive that it said requires 40% less power than the model it is replacing.
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Sony Corp. said Thursday that it will stop selling the two original PlayStation 3 models in Japan and focus on the new slimmed down version amid fierce competition from rival Nintendo Co.
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HP announced that it will discontinue the use of Intel Itanium microprocessors due to the limited demand in the market from its customers.