Saturday, September 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Panasonic and Leica Expand Partnership Agreement
Acer Brings 4K2K Displays With NVIDIA G-SYNC to The US
Order Your Samsung Galaxy Note 4 Today
TSMC Acquires EUV Machines For 10nm Chips
Atmos Firmware Update for Pioneer Elite SC Receivers Coming this Month
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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 to Develop New Transistor Series Using Latest Process Technology
Toshiba to Restructure Its PC Business
Toshiba 2014 4K UHD Models Now Available
Toshiba and SanDisk Celebrate the Opening of the Second Phase of Fab 5 and Start Construction of New Fab 2 Semiconductor Fabrication Facility
Fujitsu, NTT, and NEC To Commercialize 400Gbps-class Optical Transmission Technology
Toshiba Achieves world's Highest Rate of Quantum Encryption Key Data Distribution
Logitech Unveils Keyboard Designed For Your Computer, Smartphone and Tablet
Toshiba at IFA 2014
Toshiba Responds To Samsung, Introduces 3-Bit SSD
Toshiba's New Wearable Wristband Fitness Tracker Runs Two Weeks without Recharging
Toshiba Launches 8 Megapixel CMOS Image Sensor for Smartphones
Toshiba Launches 5TB Surveillance HDD

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .