Sunday, March 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Crafted from Metal and Glass, Samsung Galaxy S6 and Galaxy S6 Edge Are Here
MWC: SanDisk Introduces New Mobile Flash Drives, iNAND 7132 Storage Solution And 200GB microSDXC Card
MWC: New Tablets By Lenovo
Firefox OS Expands with More Partners, Devices
MWC: MediaTek Releases SoCs For Smartphones And Tablets
HP Introduces The Spectre x360 Convertible PC
Acer Unveils Windows Phone 10-ready smartphone At MWC
New ZTE Grand S3 Smartphone Offers EyeVerify Authentication
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 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 Develops Multicore SoC For Image-Recognition Applications
Toshiba Launches 8 Megapixel CMOS Image Sensor for Smartphones and Tablets
Toshiba Introduces New APs For For IoT Solutions
Fujitsu Develops Optical Transceiver for 400 Gbps Inter-Processor Data Transmissions
Toshiba Achieves 1Tbit per Square Inch Areal Density in a 2.5-Inch Hard Disk Drive
Toshiba, SK Hynix, To Accelerate Development of Nano Imprint Lithography
Toshiba Announces Encrypted USB Flash Drive
Compal To Take Over Toshiba's TV Business
Toshiba Reorganization to Strengthen IoT-Related Business
Fujitsu Extends Its LIFEBOOK Line-up
Fujitsu Develops Wearable For Safer Driving, Technology That Identifies PC User Behaviors Vulnerable To Cyber Attacks
Toshiba Develops Cloud System for Instantaneous Remote Control of One Million Devices

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .