 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
NEC, Toshiba May Merge Sat Biz To Compete Against Mitsubishi
Tokyo (AFP) - February 29, 2000 - Japanese computer and electronics giants NEC Corp. and Toshiba Corp., said Tuesday they had launched talks on forging an alliance in the space industry focused on satellite production. "Our discussion with NEC is under way for possible cooperation in the space industry," said Toshiba spokesman Kenichi Sugiyama. "Our cooperation is expected to focus on satellite development and production," the spokesman said. "But we are not at a stage to disclose details." Toshiba and NEC will try to compete with Mitsubishi Electric Corp., Japan's satellite business leader whose market share in the industry stands at 55 percent, Sugiyama said. NEC, the second largest in the sector, is strong at developing small satellites, while Toshiba, ranked third, develops parts for larger satellites, antennae and solar batteries. "We have agreed to sit at the same table," said Ken Fukuchi, a spokesman for NEC. "We will start discussing details." The evening edition of the Nihon Kezai Shimbun said NEC and Toshiba had reached a broad accord with a plan to set up a joint venture in September to rival Mitsubishi Electric's satellite operations. The new firm, employing up to 500 workers, will seek foreign partners, the business daily added. NEC's annual sales in the satellite industry are estimated at 40 billion yen (364 million dollars), compared with 25 billion yen reported by Toshiba. Copyright 1999 AFP. All rights reserved. The material on this page is provided by AFP and may not be published, broadcast, rewritten or redistributed.
Email This Article Comment On This Article Related Links Space
Satellite Launch To Boost DTH In India
Calcutta, India (SPX) Dec 28, 2005The successful launch Thursday of India's heaviest satellite from spaceport of Kourou in French Guyana may have boosted the country's space research efforts to yet another level, but it has also lifted the spirits of at least three Direct-To-Home televisions broadcasters, one of which has been waiting for years to launch its services in India. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
