Fujitsu buys out Siemens' share of computing joint venture, logo designers rejoice

It's not the first, and certainly won't be the last, now Fujitsu Siemens Computers becomes the latest victim of corporate restructuring under the pressure of a global economic turn down. Fujitsu announced that it's acquiring beleaguered Siemens AG's 50 percent share of the joint venture for €450 million (about $580 million). The partnership established back in 1999 should be dissolved by April, assuming government approval naturally. Hey US, you're not the only country with a stake in today's presidential election -- oh you betcha.

[allislost Posted Nov 4th 2008 8:05AM]

Finally! Now people won't look at me weird when i tell them i invested in Seimens

[MarbleMind Posted Jun 13th 2010 7:11PM]

'We would like to compete with IBM and HP but even after this acquisition we are not at a level where we can put up a fight'

Dopping the air conditioner division might help!

[xxxsam Posted Nov 4th 2008 11:42AM]

Yeah, but unlike their computers I've actually seen a Fujitsu air conditioner...

[(Unverified) Posted Nov 4th 2008 8:11AM]

Siemens. HEH. Siemens.

[conscious Posted Nov 4th 2008 9:41AM]

"down-turn" ?

[(Unverified) Posted Nov 4th 2008 9:49AM]

That was the biggest "you betcha" fail I've ever seen.

[psyclotron Posted Nov 4th 2008 12:21PM]

15 minutes of fame over?

you bet.

[DirtyVegas Posted Nov 4th 2008 10:29AM]

@ Ricker

Lots of red squiggly-line-photoshop fun today I see?

[DirtyVegas Posted Nov 4th 2008 10:33AM]

@ Ricker

Lots of red squiggly-line-photoshop fun today I see?

[(Unverified) Posted Nov 5th 2008 4:04AM]

Fujitsu bought the Siemens shares because is preparing to sell all to Panasonic.