|
Fujitsu says to reach
agreement 'soon' on integrating PC business with Lenovo
Send a link to a friend
 [June 06, 2017]
By Yoshiyasu Shida
TOKYO
(Reuters) - Japan's Fujitsu Ltd expects to reach an agreement
"soon" on integrating its personal computer business with China's Lenovo
Group Ltd, Fujitsu President Tatsuya Tanaka said Tuesday.
In October, Fujitsu had said it was in talks with Lenovo to cooperate in
the design and manufacture of PCs. The companies had been aiming to
finalize an agreement by the end of March.
"We are in the final stages of working out how best to create synergies
for our two companies," Tanaka said at a press conference on the
company's strategy. "We expect to wrap it up soon.
"It's not like something unexpected happened, but we are trying to
discuss everything thoroughly," Tanaka said.
The talks are unfolding at a time when sales of increasingly
sophisticated smartphones and tablet computers squeeze demand in a
global PC market that peaked half a decade ago.
For Lenovo, the world's largest PC maker, a deal could help boost its
purchasing power and consolidate its footing in a PC market where profit
margins are thin. Its previous PC deals include buying the PC division
of International Business Machines Corp <IBM.N> in 2005 and creating a
PC joint venture with NEC Corp <6701.T> in 2011.
[to top of second column] |
People are silhouetted against a screen displaying a logo of Fujitsu
at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo,
October 2, 2012. REUTERS/Yuriko Nakao/File Photo
When
asked on Tuesday about media reports that Fujitsu will join a government-led
bidding consortium for struggling Toshiba Corp <6502.T>, Tanaka said he was
cautious about such a move and that it will be hard to convince Fujitsu
shareholders on it.
"We always want to be accountable to our shareholders for what we do and this is
also the case. In that context I do not think we can make rational reasons why
we want to join the consortium," he said.
(Reporting by Yoshiyasu Shida; Writing by Junko Fujita; Editing by Muralikumar
Anantharaman)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |
