I got here an update about Technology Gadget which basically deals on cellphones. Hope you guys will find this Article I got from one of the site here in the net. Here is the Article... TOKYO (Reuters) - Kyocera Corp (6971.T: Quote, Profile, Research) is entering the final stage of talks to buy Sanyo Electric Co's (6764.T: Quote, Profile, Research) loss-making mobile phone business, sources close to the matter said, in a deal that would create the world's No.7 cell phone provider.
The business daily Nikkei said earlier 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.
Sanyo and most other Japanese cell phone makers are in a tough position as they compete with much larger rivals such as Finland's Nokia (NOK1V.HE: Quote, Profile, Research) and Motorola Inc (MOT.N: Quote, Profile, Research) of the United States outside Japan, and face a maturing market at home.
The sale of the mobile phone unit would be the latest step by Sanyo, restructuring with the help of shareholder Goldman Sachs (GS.N: Quote, Profile, Research), to shed non-core or struggling businesses to focus on key operations such as rechargeable batteries.
Sanyo, which booked a net loss for the three business years through March, sold its stake in leasing firm Sanyo Electric Credit Co (8565.OS: Quote, Profile, Research) to General Electric Co (GE.N: Quote, Profile, Research) this year and is seeking a buyer for its microchip unit.
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.
Specific market share for each firm for the second quarter was not immediately available, but Gartner said their combined operations would make them the world's seventh-largest mobile phone maker.
In the January-March quarter Sanyo was the ninth largest cell phone provider with a 0.8 percent share, Gartner has said.
Hope you guys will find this article great! 'Cause as far as I know almost all people right now is using cellphones.
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