Fujitsu-Western Digital Deal's Off: Report

Japan's Fujitsu says there is no chance that it will sell its hard-disk drive business to Western Digital(WDC Quote), Reuters reports, despite repeated rumors that the firms were forging a deal.

Fujitsu, which competes in the hard-drive business with Seagate Technology (STX Quote), Western Digital and Hitachi (HIT Quote), has been in talks with Western Digital over the last few months, although a deal is now unlikely, according to a Japanese news report.

Reuters cited an article in Japan's Nikkei financial daily, which quoted Fujitsu President Kuniaki Nozoe. "I won't deny that we have had talks," he said, adding that, at the moment, there is "zero chance" of a deal. ...