Casio, Hitachi and NEC In Talks to Merge Phone Businesses
Citing people familiar with the matter, the Wall Street Journal is reporting that Casio, Hitachi and NEC have entered into talks with the goal of merging their respective cellphone businesses. The merger would help all three companies take advantage of their individual strengths and better compete with Japanese market leader Sharp. Cell makers in Japan are under increased pressure to turn up profits, and the market has seen drastic changes there in recent quarters. The merger may be complete as early as April 2010. The three companies involved did not comment on the matter directly.
|What drastic changes?||marufio||
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