Nidec Corp (ADR) (NYSE:NJ)
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The Company is a manufacturer of spindle motors for computer hard disk drives and also produces a variety of other small precision brushless DC motors.
The Company is a manufacturer of spindle motors for computer hard disk drives and also produces a variety of other small precision brushless DC motors.
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World leader in the small electric motors, particularly in hard drives. Despite partial shift towards flash memory in handheld devices, market for hard drives of all sizes will remain strong for the foreseeable future.
In the shorter term, this also is a play on a possibly strengthening yen verses the dollar and the general recovery of the Japanese economy.