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 @ Nov 4th 2008 8:05AM]

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

[JAY JAY @ Nov 4th 2008 8:11AM]

Siemens. HEH. Siemens.

[MarbleMind @ Nov 4th 2008 8:13AM]

'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!

[sam @ Nov 4th 2008 11:42AM]

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

[konshuss @ Nov 4th 2008 9:41AM]

"down-turn" ?

[jhracer3 @ Nov 4th 2008 9:49AM]

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

[phanbouy @ Nov 4th 2008 12:21PM]

15 minutes of fame over?

you bet.

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

@ Ricker

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

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

@ Ricker

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

[stormcloud @ Nov 5th 2008 4:04AM]

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