Friday, January 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Nintendo's 'Fire Emblem Heroes' Smartphone Game features in-app Purchases
Fujifilm X-T20 Features New 24MP Sensor and 4K Video Capture
Samsung Begins Rollout of Android 7.0 Nougat
European Commission Welcomes Steps Taken by Amazon, Audible and Apple to Improve Competition in Audiobook Distribution
LG Teases With G6 Debut at MWC
Japan Display Starts Mass Production of 5-inch Class WQHD LCDs
U.S. ITC Begins Patent Probe of GPU, DDR Memory Controllers
U.S. To Investigate Whether Fujifilm Violated Sony Magnetic Tape Patents
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Fujitsu...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 29, 2010
Fujitsu and Toshiba Conclude Definitive Agreement to Merge Mobile Phone Businesses


Fujitsu Limited and Toshiba today announced that they have concluded a definitive agreement to merge their mobile phone businesses, for which the companies signed a memorandum of understanding (MOU) on June 17, 2010.

Under this agreement, Toshiba will transfer its mobile phone business to a new company that will be managed by Fujitsu. The companies aim to complete the merger by the target date of October 1, 2010.

Fujitsu and Toshiba intend on enhancing their handset development capabilities and at the same time improving business efficiency by combining their mobile phone development know-how and technological strengths through the merger of their mobile phone businesses. After the merger, the companies aim to become the No. 1 supplier of mobile phones in Japan by providing highly-competitive products that meet customer needs.

Toshiba will transfer its mobile phone business to a newly-established company. Fujitsu plans to acquire from Toshiba 80.1% of the shares of the new company by the target date of October 1, 2010, at which point the new company will become a subsidiary of Fujitsu.

Fujitsu's mobile phone business will continue to operate as a unit within Fujitsu Limited.

As a result of the merger, it is expected that approximately 400 employees will be transferred from Toshiba to the Fujitsu Group.

The merger is expected to result in a 50.0-billion-yen increase in Fujitsu?s net sales for the fiscal year ending March 31, 2011, and will not have a material impact on the company?s earnings.

Toshiba?s consolidated business forecast for the current fiscal year, FY2010 ending on March 31, 2011, remains unchanged.


Previous
Next
AMD Passes Nvidia in GPU Shipments        All News        RIM To Compete With Apple WIth New BlackBerry 9800 Smarthphone
BlackBerry Announces Torch 9800     Mobiles News      RIM To Compete With Apple WIth New BlackBerry 9800 Smarthphone

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba May Spin Off Its Semiconductor Business
Fujitsu Develops Slide-Style Vein Authentication Technology Based on Palm Veins
CES 2017: Toshiba Debuts Portege X20W 2-in-1 Convertible
Fujitsu Launches Online Biometric Authentication Service With Support for FIDO-Compliant Security
Toshiba Expands Line-up of Embedded NAND Flash Memory Products for Automotive Applications
Fujitsu Starts Operations For Japan's Fastest Supercomputer
New Fujitsu LIFEBOOK Family Addresses the Demands of The Workspace
Fujitsu Develops AI-based Recognition Technology For Handwritten Chinese Characters
Toshiba Expands 3D Flash Memory Production Capacity In New Fabrication Facility at Yokkaichi
Toshiba Advances Deep Learning with Extremely Low Power Neuromorphic Processor
Fujitsu' New IP-HE950 Encoder and Decoder Offer real-time 4K Video Transmission
Fujitsu Launches First 4 Mbit ReRAM

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .