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June 9, 2016
I am writing to give you more information about a misleading rumor that you may have heard. One of my Hitachi colleagues recently discussed investment plans during a Hitachi investor relations event in Japan, and his comments were misinterpreted by some in the press. He was misunderstood as saying that we are "freezing" our investments in high-end storage. That is not true.
I am personally familiar with the difficulties of accurately translating nuance and context from Japanese to English, so please allow me to give you the facts so that we can dispel this tale.
Perhaps most misleading of all is the implication by some that high-end storage systems are our only business. That, too, is false.
If you have any remaining questions or concerns, please let us know.
Chief Executive Officer
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