Re: [Mod] Kyocera Buying Sanyo's mobile divison

[Mod]

Kyocera is reportedly entering the final stage of talks to buy Sanyo's mobile phone business. Kyocera aims to buy Sanyo's cell phone operations for about 50 billion yen ($435 million), sending their shares higher as investors welcomed signs of consolidation in Japan's overcrowded handset market.. Consolidation will help Sanyo compete with much larger rivals.

The sale of the mobile phone unit would be the latest step by Sanyo; they which booked a net loss for the three business years through March Kyocera was the world's 10th largest mobile phone maker in the second quarter of calendar 2007 in unit sales to end-users, according to research firm Gartner, while Sanyo was the 11th largest.

In the January-March quarter Sanyo was the ninth largest cell phone provider with a 0.8 percent share, Gartner has said. Both Kyocera and Sanyo said in separate statements that nothing has been decided.

Sanyo now expects to sell about 11 million units of mobile phones in the current business year to March 2008, down from its initial estimates of 12.5-12.6 million.

The sale of the mobile phone unit would not put an end to Sanyo's exposure to the mobile phone market since its lithium-ion batteries are used in four of every 10 cell phones in the world.

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[Mod]

http://online.wsj.com/article/SB118998019364528996.html?mod=technology_main_whats_news


I should have said 'maybe'.

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[Mod]

Check that. Looks like the first stage has been set between Sanyo and Kyocera.

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