| JVC, Kenwood to Merge |
 |
 |
| Monday, 12 May 2008 08:01 | |||
|
TOKYO – Consumer electronics makers Victor Co. of Japan (JVC) and Kenwood Corp. plan to merge under one holding company on Oct. 1 to curb a pricing war. Under terms of the agreement, investors will receive two shares in the holding company for each JVC share held, and one share for each Kenwood share held. No other financial terms were disclosed. JVC president Kunihiko Sato will become president of the new company, called JVC Kenwood Holdings. The decision to unite follows an alliance between the two companies last summer. JVC, an affiliate of Panasonic, made Japan's first TV and pioneered VHS, but lately has been struggling. Last month, JVC said it would halt domestic production of flat-panel TVs. The merged firm will focus on electronics for auto, home/mobile, professional-use wireless systems and entertainment. The companies had combined operating profits of 9.6 billion yen and revenues of 823.7 billion yen in the fiscal year ended in March. ($1 = 103.64 yen)
|
|||
| Last Updated ( Monday, 12 May 2008 08:01 ) |
Columns
| No Main Point |
Check out this exchange from Jabil's recent quarterly conference call: |
| Read more... |
| Steve Case, RIP |
Our deepest sympathies to the friends and family of CyberOptics founder Steve Case, who died in a plane crash Tuesday. |
| Read more... |
Features
| Cell Efficiency is Key to Success of Photovoltaics |
| The iNEMI Roadmap spells out the plan for lowest cost per watt. |
| Read more... |
| BGA Reballing Reliability |
| A study of multiple reball processes looks at copper dissolution and functionality. |
| Read more... |
Search
Search
Login
CB Login
Language
Language
Products
Young Jin Features Link Conveyors
Link conveyors for SPI NG/good buffer are designed to stack NG PCBs and transfer good PCBs to the next process using FIFO. Features include PCB shock-free and noncontact power transmission. Has...
Link conveyors for SPI NG/good buffer are designed to stack NG PCBs and transfer good PCBs to the next process using FIFO. Features include PCB shock-free and noncontact power transmission. Has...
Current Issue
