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Hitachi Hard Drive Business Not For Sale

Hitachi Comments on the Articles of Hard Disk Drive Business

Hitachi, Ltd. (NYSE:HIT) (TOKYO:6501) today commented on articles that reported Hitachi decided on a plan to sell its Hard Disk Drive business.

Hitachi is focusing on improving the performance of the Hard Disk Drive business, exploring every possibility. However the fact is that Hitachi has not decided to sell the Hard Disk Drive business.

About Hitachi, Ltd.
Hitachi, Ltd., (NYSE:HIT) (TOKYO:6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 384,000 employees worldwide. Fiscal 2006 (ended March 31, 2007) consolidated revenues totaled 10,247 billion yen ($86.8 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.

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