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 Wednesday, September 1, 2010 Hitachi Planning IPO of Hard Drive Unit Hitachi Ltd. is considering an IPO of its hard drive unit, Hitachi Global Storage Technologies, according to the firm Wednesday. Hitachi's storage unit has a heavy presence in San Jose, where it maintains major operations. Hitachi Global Storage Technologies was formerly IBM's disk drive unit, until IBM merged its hard drive unit with Hitachi in 2003. No details on the IPO have been released, however, reports name Goldman Sachs as one of the underwriters. Hitachi Global Storage Technologi (More info...) posted on Wednesday, September 1, 2010(Full story) VeriFone Buys WAY Systems San Jose-based VeriFone Systems said this morning it has acquired the assets of WAY Systems, a developer of mobile, point-of-service (POS) products and gateways for merchants. According to VeriFone, it will pay $6M upfront and up to $3M in earnout, based on performance targets, for WAY. WAY Systems has raised more than $50M in funding, from Bill Melton, the founder of VeriFone, plus Bessemer Venture Partners, Austin Ventures, and Lighthouse Capital Partners. WAY Systems was based i (More info...) posted on Wednesday, September 1, 2010(Full story) |
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