Sanyo sells cellphones (by the seashore) to Kyocera

Sanyo just made official what's been rumored since August: the sale of its troubled cellphone division to Kyocera. The deal is set for completion on April 1st at a value of about $350 million. The deal involves about 2,000 employees moving from Sanyo's mobile phone operation to Kyocera where they can reminisce with ex-Qualcommers about the good ol' days.