Sanyo Selling off Handset Division?

Monday, July 30, 2007

Sanyo Selling off Handset Division?

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While their handsets enjoy a strong following stateside, but Sanyo's apparently too distracted with its other endeavors to take its handset division any further.

That's what recent reports are suggesting, anyway, with a sale rumored to be going down "soon" to the tune of "several billion yen." That could be music to Sanyo's ears following several glum years of net losses -- shedding itself of a valuable operating unit could give the company some much-needed spending cash and give its phone lineup a shot at increasing its market presence in the hands of a more motivated parent. No word on when exactly this'll be going down; with some 38.5 billion yen (about $324 million) in revenue in the last fiscal year, though, it seems like this could be a relatively inexpensive opportunity for a new player to waltz in and make a serious play against bigger competitors.