Kyocera entering talks to buy Sanyo Mobile Phone Unit

Reports have just been released informing the public that Kyocera Corporation, a Japanese company and was the world's 10th largest mobile phone maker in the second quarter of calendar 2007 in unit sales to end-users, is entering the final stage of talks to buy Sanyo Electric Corporation's cell phone operations for about 50 billion yen ($435 million).

The resulted as Sanyo and other Japanese cellphone makers are in a tough position as they compete with much larger rivals such as Finland's Nokia and Motorola Inc. of the United States outside Japan, and face a maturing market at home.

Shares in Sanyo, which told Reuters in August its mobile phone business will likely turn profitable in the current quarter to the end of September, closed up 5.7 percent at 185 yen, while Kyocera rose 4.2 percent to 10,790 yen.