JVC, Kenwood seen integrating under holding company in 2008
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Struggling electronics maker Victor Co. of Japan (JVC) has agreed to integrate with another Japanese high-tech firm Kenwood Corp. and create a new holding company in 2008, a press report said Saturday.
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By Robinson, Michael A  A series of acquisitions fills in the franchise.  Running a key sector in one of the world's largest information technology companies may not seem to have much in common with automobile repair.
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10/12/2004 -- Jobwerx News -- The consumer electronics industry is firmly behind the Blu-ray Disc high-definition optical-disc format and so is JVC.
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Metro-Goldwyn-Mayer Inc. will merge with Sony Corp. of America in a deal valued nearly at $5 billion or $12 a share, the company announced late Monday.
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Shares of electronics maker Kenwood Corp. &lt;6765.T&gt; jumped as much as 10 percent on Monday on news it has resumed talks with Matsushita Electric Industrial Co. Ltd. &lt;6752.T&gt; to buy a stake in JVC &lt;6792.T&gt; after a deal with private equity firm Texas Pacific...
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TOKYO - Hitachi Ltd, Matsushita Electric Industrial Co and Toshiba Corp said Friday they have officially signed an accord to set up a joint venture to manufacture liquid crystal display panels for flat TVs in January.
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Sony Corp. has reportedly reached a tentative deal to buy Hollywood studio Metro-Goldwyn-Mayer Inc. shortly after media giant Time Warner Inc.
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(InfoWorld) - News Corp. and VeriSign Inc. will create a joint venture to provide entertainment materials, such as ringtones, video clips, and graphics, to a potential audience of over 1 billion mobile phone users worldwide. To form the new company, News Corp. will buy for about US$188 million a controlling interest in VeriSign's Jamba subsidiary, a provider of mobile entertainment, the companies announced Tuesday. Founded in 2000, Jamba was acquired by VeriSign in mid-2004 for about $273 million. News Corp. will combine Jamba with assets from its own Fox Mobile Entertainment unit to create the joint venture, which will continue using the Jamster brand in the U.S. and the Jamba brand worldwide. The joint venture will distribute entertainment materials from music and media companies, as well as create original content. It will release its first products "soon" after the expected close of the deal by the end of this year. The joint venture' first two releases will be a mobile store for News Corp.'s MySpace social networking Web site and mobile material from News Corp.'s animated television series "The Simpsons," such as video, screensavers and ringtones. For News Corp., this deal continues its aggressive move into the online space, which included spending over half a billion dollars last year to acquire MySpace and other Web sites owned by Intermix Media Inc. As handsets become more sophisticated and mobile communications improve, mobile phone users are increasingly demanding content and services previously limited to PCs. Media companies like News Corp., as well as Internet giants like Google Inc. and Yahoo Inc., are busy finding ways to deliver their content and services to mobile devices. They see the mobile space as the next frontier for Internet services and digital media, supported by subscription fees and advertising revenue.
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(InfoWorld) - Software vendor CA expects to continue restructuring its operations, which is likely to result in further reductions in its headcount, according to the company's CFO. "We do anticipate some additional restructuring in fiscal 2008," CA CFO Nancy Cooper said during a Wednesday conference call with analysts to discuss the company'sÂ financial results for the fourth quarter. During the quarter, which ended March 31, 2007, CA completed the cutting of 1,700 jobsÂ first outlined in August. On its Web site, CA puts its total workforce as of March 31, 2006, at around 16,000. Cooper wouldn't be drawn on specifics except to note that CA believes there are still more areas in its business where the vendor could make "additional efficiencies." The company is hoping to begin fiscal 2009 having realized some $200 million in annualized savings, she said, which would come from further restructuring. "We're really systematically trying to go through our business to see if we can run it more efficiently," Cooper said. For instance, CA has been working to move its European operations away from being run on an individual per-country basis in favor of a more regional organization. That kind of thinking could also be applied to other areas of CA's business so they run in a more global fashion, she added. CA plans to work in general terms on improving its international business, according to John Swainson, the company's president and CEO. In the fourth quarter of fiscal 2007, while total North American revenue rose 6 percent, revenue from CA's international operations fell by around 2 percent. The company has already made significant management changes in Europe, its largest business outside of the U.S., Swainson said on the conference call, and he expects those changes to bear fruit shortly in terms of improvements in revenue. Swainson reiterated his oft-repeated belief that transformation at CA is "a multiyear process," but he added that the company has made progress on several fronts over the past two years, notably in boosting the productivity of its salesforce to win more software and services business. "There's clear evidence that customers and partners are seeing CA as a different company and someone they want to partner with," he said. Swainson expects the vendor's business service optimization and enterprise systems management software operations to continue to perform strongly and for both its security and storage software businesses to rebound and begin to grow again.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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The company may be hinting at going public.
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Blockbuster Inc.'s decision to end late fees and ever-expanding online options might not be enough to bring the video rental business back onto a growth track any time soon, but some industry observers predict that the sliding market for rental chains finally will start showing some signs of stabilization as 2005 unfolds.
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THREE JAPANESE GIANTS will team up to create a company to manufacture and sell LCD panels into the flat panel TV market. Hitachi, Toshiba and Matsushita hope to get the JV rolling by January 2005.
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JVC plans to mass-produce a disc combining a single-layer Blu-ray data area with a 25 GB capacity and an 8.5 GB dual-layer DVD area.
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JVC has developed a combination Blu-ray/DVD disk that it says will ease the transition from traditional DVD to next-generation high-denfinition video.
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Warburg Pincus, Providence Equity close to acquiring former part of AT&amp;T Bell Labs, report says. NEW YORK (CNN/Money) - Two investment firms are about to close a deal to acquire telecommunications software company Telcordia Technologies Inc.
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With little more than a month left for JDA Software Group Inc. to close on its $100 million acquisition of QRS Corp., QRS pulled the plug on the deal in favor of a $116 million acquisition by Inovis International Inc.
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Shares of electronics maker Kenwood Corp.  jumped as much as 10 percent on Monday on news it has resumed talks with Matsushita Electric Industrial Co. Ltd.  to buy a stake in JVC  after a deal with private equity firm Texas Pacific Group fell through.