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Sony Decides Not To Sell
January 8, 2014 by admin
Filed under Around The Net
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Japan’s Sony Corp has changed its mind and decided not to sell its lithium-ion battery unit. Instead Sony has decided to take a chance at turning the business around with a weak yen and growing demand for smart phone batteries.
In addition to a weak yen, which can boost overseas earnings, the battery unit is also seeing increased demand for some of its new products, the Nikkei business daily reported.
For the past two years Sony had been planning to offload the unit, which was a pioneer in making lithium-ion batteries for computers and mobile devices but has struggled recently against cheaper South Korean rivals.
A government turnaround fund tried to broker a sale of the battery business to a Nissan Motor Co Ltd and NEC Corp joint venture earlier this year.
However, talks have stalled and Sony has now told the turnaround fund that it will hold on to the battery unit and develop it as a core business, the Nikkei reported, citing unidentified sources.
Sony, which last year sold its chemical business to the government turnaround fund, is trying to revive the fortunes of its consumer electronics business by focusing on cameras,gaming and mobile devices.
Can Blackberry Be Sold?
August 20, 2013 by admin
Filed under Smartphones
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Struggling smartphone maker BlackBerry is reviewing several options that could include joint ventures, partnerships or an outright sale, as the company’s leading shareholder steps down from its board in a possible prelude to taking a different role.
BlackBerry, which pioneered on-your-hip email with its first smartphones and email pagers, said on Monday it had set up a committee to review its options, sparking debate over whether Canada’s one-time crown jewel is more valuable as a whole or snapped up piece by piece by competitors or private investors.
The company said Prem Watsa, whose Fairfax Financial Holdings Ltd is BlackBerry’s biggest shareholder, was leaving the board to avoid a possible conflict of interest as BlackBerry determines its next steps.
The resignation of Watsa, often described as Canada’s version of Warren Buffett, suggests Fairfax may be part of a solution.
BlackBerry, once a stock market darling, has bled market share to the likes of Apple Inc and phones using Google Inc’s Android operating system, and its new BlackBerry 10 smartphones have failed to gain traction with consumers.
Blackberry shares rose 7.5 percent to $10.80 in New York and C$10.84 in Toronto in afternoon trading. But the shares remain well below the levels seen in June, before the company reported dismal results that included poor sales of the BlackBerry 10 phones it viewed as key to a successful turnaround.
The share price peaked at about C$150 in June 2008.
A clean balance sheet makes the smartphone seller an enticing takeover candidate. Like Dell Inc, it is a tech icon in need of a turnaround. But BlackBerry’s cash flow is worse, meaning leverage would be extra risky.
The company’s assets include a well-regarded services business that powers BlackBerry’s security-focused messaging system, worth $3 billion to $4.5 billion; a collection of patents that could be worth $2 billion to $3 billion; and $3.1 billion in cash and investments, according to analysts.
But the smartphones that bear its name have little or no value, and it may cost $2 billion to shutter that unit, the analysts said.
Analysts expressed skepticism about the new committee, noting that BlackBerry announced similar steps more than a year ago when it hired JPMorgan and RBC as financial advisers. A source said both are still involved in the strategic review.
Lenovo To Buy NEC’s Mobile Phone Unit
Japan’s NEC Corp is in negotiations to sell its struggling mobile phone unit to its PC venture partner Lenovo Group Ltd, a source familiar with the discussions said, confirming media reports of the negotiations.
NEC is also in talks with potential domestic buyers, the source said on condition that he wasn’t identified.
NEC has until now said its mobile business is an important part of its overall operations. But after two years of losses the company is shedding assets to bolster profitability.
“Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided,” NEC said in a statement through the Tokyo Stock Exchange on Friday in response to the media reports.
Lenovo officials could not be immediately reached for comment.
Japanese phone makers have struggled to gain traction overseas inmarkets dominated by Samsung Electronics Co Ltd and Apple Inc where they are also being challenged by upcoming Chinese makers. In Japan, the two foreign giants are whittling down their share of cell phone sales.
Last October, NEC cut its mobile phone sales target for the year ending March to 4.3 million from a previous estimate of 5 million units. Lenovo, the world’s No.2 maker of PCs, is cranking up overseas expansion in smartphones after solid growth in China.
Japan’s biggest cell phone maker, Sony Corp, is vying with China’s Huawei Technology Co and ZTE Corp to be No.3 in the global smartphone market.
NEC also plans to sell its mobile services subsidiary NEC Mobiling Ltd for as much as $850 million, separate sources told Reuters this month.
Marubeni Corp’s telecommunications unit and TD Mobile, a joint venture between Toyota Tsusho Corp and Denso Corp, are vying for the 51 percent stake, the sources said.
Skype Gives Asterisk The Boot
The Internet is buzzing with news that Skype is in the process of giving Asterisk the boot by no longer offering Skype for Asterisk starting in July. Skype for Asterisk is proprietary software that was developed by Digium with Skype’s approval. The software was unique in that it allowed Asterisk based systems to join Skype’s VoIP Network. We assume this will not negatively impact current users for the next couple of years.
We wonder if Microsoft had a hand in killing this deal with Asterisk since they have a competing product. One could also assume that Skype wanted to develop a native application and not use Asterisk for SIP implementations. I guess we will need the executives at Skype to fill us in on the details one day.
Bill Had A Hand In Microsoft Buying Skype
One of the world’s richest people, Bill Gates had given his blessing for Microsoft to buy Skype for $8.5 billion dollars. Actually, Bill Gates pressed other executives on the board of directors to support or back the idea of gobbling Sky which has yet to turn a profit.
Word on the street is that Bill told the Gates BBC in an interview which will be televised this weekend that he played an instrumental role in getting this deal approved by the board of directors. So this really squashes any rumors that Steve Ballmer was the force behind the deal getting approved by the executive team.