Mayumi's Feed
Oct 26, 2011

Fujitsu profit sags, pegs hopes on H2 IT spending

TOKYO (Reuters) – Fujitsu Ltd said its quarterly operating profit fell 35 percent, dragged down by losses in its devices business, sluggish IT spending in Japan and a strong yen, but it stuck to its full-year profit forecast on hopes for a pickup in IT spending in the October-March period.

Japan’s largest IT services vendor, which trails IBM and HP, is betting on post-tsunami reconstruction opportunities in smart grids, as well as on demand for new IT systems by firms looking to expand their databases and adopt cloud computing.

Oct 26, 2011

Fujitsu Q2 profit sags 35 pct on yen, weak IT

TOKYO, Oct 26 (Reuters) – Fujitsu Ltd , Japan’s
largest IT services vendor, said on Wednesday that its quarterly
operating profit fell 35 percent, hurt by sluggish IT spending
in Japan and a strong yen, and it kept its full-year forecast
unchanged.

The firm, which trails IBM and HP , has
pegged its hopes on post-tsunami reconstruction opportunities in
smart grids, as well as on demand for new IT systems by firms
looking to expand their databases and adopt cloud computing.

Oct 22, 2011

Olympus bows to investor pressure, launches M&A review

TOKYO (Reuters) – Japan’s Olympus Corp (7733.T: Quote, Profile, Research) said on Friday it would set up an independent panel to examine its past M&A deals after shareholders demanded an explanation for massive fees paid to advisers in a 2008 acquisition.

The announcement came a week after the maker of endoscopes and cameras fired its British CEO, citing management incompetence, only to see him turn whistleblower.

Oct 21, 2011

Olympus capitulates to investor pressure, launches M&A probe

TOKYO (Reuters) – Scandal-hit Japanese firm Olympus Corp on Friday gave in to shareholder pressure over massive fees paid to advisers in a 2008 acquisition, announcing it would set up a third-party panel to examine its past M&A deals.

This marks an end to a dramatic week for the maker of endoscopes and cameras, which unexpectedly fired its British chief executive citing management incompetence, only to have him turn whistleblower. Olympus shares have lost half their value since the shock dismissal on October 14.

Oct 19, 2011

Olympus confirms it paid hefty $687 million to M&A advisers

TOKYO (Reuters) – Olympus Corp (7733.T: Quote, Profile, Research, Stock Buzz) acknowledged on Wednesday that it paid an unusually hefty $687 million fee to financial advisers when it acquired British medical equipment firm Gyrus, confirming claims by ousted CEO Michael Woodford that lie at the center of a bitter dispute.

On Monday, senior executive Hisashi Mori told investors that the fee was less than half that amount, excluding payments made for the repurchase of preferred stock in Gyrus.

Oct 14, 2011

Apple’s iPhone draws hordes again, powers shares

TOKYO/LONDON/SAN FRANCISCO (Reuters) – Apple Inc’s new iPhone debuted with a splash across the globe, spurring thousands to queue around city blocks and snap up the final gadget unveiled during co-founder Steve Jobs’ life.

Shares of Apple leapt 3 percent to close at a record after people thronged stores in Sydney, Tokyo, London, Paris, New York and San Francisco to get their hands on the iPhone 4S, ignoring criticism about the lack of a design revolution and reports of software glitches.

Oct 14, 2011

Fans queue for Steve Jobs’ last iPhone

TOKYO/LONDON (Reuters) – Apple Inc’s new iPhone went on sale in stores across the globe on Friday, prompting thousands to queue around city blocks to snap up the final gadget unveiled during Steve Jobs’ life.

Queues wound down the street in Sydney, Tokyo, London, Paris and Munich as fans gathered to get their hands on the iPhone 4S, ahead of later store sales in North America.

Oct 14, 2011

New iPhone on sale, fans buy in tribute to Jobs

SYDNEY/TOKYO (Reuters) – Apple Inc’s new iPhone went on sale in stores across the globe on Friday, with fans snapping up the final gadget unveiled during Steve Jobs’ lifetime, many buying the phone as a tribute to the former Apple boss.

Hundreds queued around city blocks in Sydney and Tokyo to get their hands on the iPhone 4S, ahead of store sales in Germany, France, Britain and North America.

Oct 14, 2011

Suzuki ultimatum to VW: hybrid technology or split

TOKYO (Reuters) – Suzuki Motor Corp accused Volkswagen of breaching a partnership pact by withholding hybrid technology it promised to share, pushing their two-year-old alliance to the brink of disintegration.

Japan’s Suzuki has served VW with a notice of breach of contract, demanding the German company give it access to key technologies within weeks. Unless it does so, Suzuki’s biggest shareholder must sell back its stake and quit the alliance, it said on Friday.

Oct 14, 2011

Suzuki: VW breached pact by hiding technology

TOKYO, Oct 14 (Reuters) – Japan’s Suzuki Motor Corp
said on Friday it has served Volkswagen with a
notice of breach of contract, demanding the German company give
it access to hybrid technology promised under a two-year old
partnership pact.

Unless it does so, Suzuki’s biggest shareholder must sell
back its stake and quit the alliance, it said.