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Tuesday, August 14, 2007

Sanyo to sell their handset business???!?!?!

Sanyo is reportedly in talks to sell off its handset business. Despite mild success in Japan and the US, handsets are still a loss maker for Sanyo. They are looking at other Japanese handset manufacturers as potential buyers - most likely Sharp and Kyocera. Sanyo previously tried to split off its handset unit into a joint venture with Nokia's CDMA division, however that deal failed shortly after it was announced leaving Sanyo with the money-losing business.

source: Reuters

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