- Is the Cisco MARS mission going to abort?
- First iPhone worm spreads Rick Astley wallpaper
- 10 stunning 3D buildings made with Google SketchUp
- Open source software ready for big business
- Four reasons to buy (and one reason to avoid) the Droid
Panasonic will start discussions to take over Sanyo Electric with the aim of reaching a deal by the end of this year, the two Japanese companies said Friday.
The announcement, which was expected after several leaks to Japan's influential Nikkei business daily, was made after the boards of directors at both companies met Friday morning. A project team will be immediately set-up to start what is likely to be an intensive series of meetings, discussions and due diligence before a definitive deal can be concluded.
Sanyo has been struggling to turn around its business for the past few years. The company recorded its first profit in four years in its most recent fiscal year, ended in March 2008. Despite being battered by fierce competition in the home and consumer electronics markets, the company remains the world's biggest manufacturer of lithium-ion batteries and an innovator in green-energy products such as solar cells.
Panasonic is Japan's biggest consumer electronics company and has a large battery business of its own. It's keen to get its hands on Sanyo's battery and solar expertise as well as know-how in areas such as mass-production, Sanyo's knowledge of which it called "remarkable" in a statement.
Rss FeedRss Feed
The Leader in Network Knowledge
Partner Content
www.bmc.com
Gartner 2009 Magic Quadrant for Job Scheduling
Gartner has positioned BMC CONTROL-M in the Leaders Quadrant of their "2009 Magic Quadrant for Job Scheduling." The report assesses the ability to execute and completeness of vision of key vendors in the marketplace. Read a full copy today, courtesy of BMC Software.
Download whitepaper
Dell's SMART Approach to Workload Automation
Read a compelling case study by EMA, Inc. to learn how Dell uses BMC CONTROL-M to cut cost and increase productivity with workload automation.
Download whitepaper
Workload Automation Cost Savings 2 Minute Video
A major computer manufacturer uses BMC CONTROL-M and just four people to schedule and run over 85,000 jobs every month. By switching to BMC CONTROL-M, they more than quadrupled the workload without adding a single staff member. See how in this 2-minute video overview.
Go to video
Comment