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EU probes US, Japan hard disk takeover plans
by Staff Writers
Brussels (AFP) May 30, 2011

European anti-trust regulators on Monday launched in-depth probes into proposed US takeovers of South Korean and Japanese businesses manufacturing computer hard disk drives (HDD).

The planned acquisitions of the hard disk drive operations of South Korean electronics giant Samsung by Seagate Technology, and the storage business of Japan's Hitachi by Western Digital Corporation in a sector with just five manufacturers worldwide have raised concerns in Brussels, the European Commission said.

"Hard drives are the backbone of the digital economy," said EU competition commissioner Joaquin Almunia in announcing the investigation.

"The sector has already experienced significant consolidation and the proposed acquisitions will further reduce competition."

Used in everything from computers to digital video recorders, Toshiba is the fifth major player.

Brussels officials have until October 10 to decide what action if any they will take.




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Australian miners concerned over cyber attacks
Sydney (AFP) May 30, 2011
Some of Australia's biggest resource companies are increasingly concerned by cyber attacks from China and other countries, a report said Monday. Speaking at The Australian Deutsche Bank Business Leaders Forum, outgoing Woodside Petroleum chief executive Don Voelte said the group has been attacked "from everywhere", not just from China. "Let's not focus this on the Chinese: I saw the numb ... read more


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