Thursday, August 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New 6.3-inch Samsung Galaxy Note 8 Comes With Dual Camera, Enhanced S Pen
GPU Shipments Increased from Previous Quarter
LG to Establish Factory for Electric Vehicle Components in the U.S.
Microsoft Unveils Project Brainwave for Real-time AI
Panasonic Touts 1TB Optical Disc For Storing Cold Data
Google to Detail Titan Security Chip for Cloud Services
Toshiba Puts Weight in Talks With Western Digital on Chips Business Sale
Micron Expands its NVDIMM-N Portfolio
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 Puts Weight in Talks With Western Digital on Chips Business Sale
Toshiba Launches 8TB X300 Desktop HDD, Western Digital Introduces New 20TB My Book Duo System
Toshiba's SG6 SSD Client SSD Uses 64-Layer 3D Flash Memory
Toshiba Announces NVMe over Fabrics Software Technology, Enterprise-Class SSDs with 64-Layer 3D Flash Memory
Toshiba Stops Blocking Western Digital Access to Chip JV, Invests in new chip line without Western Digital
Toshiba Unveils Single Package NVMe Client SSD Utilizing 64-Layer, 3D Flash Memory
Toshiba to Notify Western Digital Before Closing a Memory Sale
Toshiba TR200 SSD Series Uses 64-Layer 3D Flash Memory
Toshiba Resumed Blocking Western Digital Access to JV Database
Fujitsu AI-Based Algorithm Estimates Workers' Heat Stress Levels
Court Says Western Digital Should Have Access Toshiba's Technical Databases
Toshiba in Talks with Western Digital, Foxconn Over Memory Unit Sale

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 .