Fujitsu exits HDD business, sinks deeper in redJapan's Fujitsu Ltd. said Tuesday it would transfer its struggling hard disk drive business to rival Toshiba Corp., a deal that will push it deeper into loss this year than previously expected. Fujitsu forecast a net loss of 50 billion yen (555 million dollars) for the year to March, more than double the 20 billion yen loss it had estimated last month, due to the divestment divestment to strip one's investment from an entity. of the HDD (Hard Disk Drive) See hard disk and HDD caddy. HDD - hard disk drive business. The company left unchanged its forecasts for operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of 50 billion yen and revenue at 4.7 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. yen. Fujitsu said it would hive off hive n. 1. a. A structure for housing bees, especially honeybees. b. A colony of bees living in such a structure. 2. A place swarming with activity. v. its HDD business into a new firm, which Toshiba will turn into a subsidiary with a stake of 80 percent. Fujitsu will hold 20 percent. Financial terms of the deal were not disclosed. The transfer "will enable Toshiba to reinforce its already strong position as a leading vendor of small form factor HDDs, widely used in notebook PCs, mobile devices, automotive and consumer electronics," the statement said. Fujitsu is struggling amid a global downturn due to a slump in demand for chips and electronic devices. The company had already announced in late January that it would stop production of HDD heads. 
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