Hitachi GST expects to use the proceeds of the initial public offering for, among other things, ongoing operating and capital expenditures, research and development, strategic activities and general corporate purposes. Hitachi and Hitachi GST will monitor economic and capital market conditions relative to the timing of the proposed initial public offering.Source: X-bit Labs
Hitachi to spin off its HDD business
Posted on Monday, November 08 2010 @ 17:17 CET by Thomas De Maesschalck