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BUSINESS
February 23, 2007 | From the Associated Press
Sanyo Electric Co. said it was fully cooperating with an investigation by securities authorities into suspected window-dressing of earnings at the struggling Japanese electronics maker. Company spokesman Ryo Hagiwara said an investigation was underway. Sanyo shares plunged 17% in Tokyo trading this morning.
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BUSINESS
November 9, 1995
Sanyo Joins Venture in China: Japan's Sanyo Electric Co., a major consumer electronics maker, has joined a joint venture in China to produce vacuum cleaners and vacuum-cleaner engines, a Sanyo spokesman said. The new company, Sanyo Electric Home Appliances Co., will be capitalized at $10 million, with up to $20 million in investment expected during the next five years. Sanyo Electric will hold a 60% share in the project, with the remaining share split equally between Sanyo Electric Trading Co.
BUSINESS
September 3, 1991 | From Times Staff and Wire Reports
Solar Air Conditioner Is Developed: Sanyo Electric Co. has developed a solar-powered air conditioner that it says can cut electricity demand in hot weather and reduce dependence on fossil fuel. The air conditioner uses a 54-square-foot solar panel to generate up to 500 watts of electricity, the Japanese company says. Sanyo is shipping 20 samples this month to electric power companies for evaluation.
BUSINESS
December 26, 2007 | From Times Wire Services
Japan's Sanyo Electric Co. said it was amending earnings reports back to 2000 to record greater losses, prompting calls by regulators to fine the firm. In revising its results, Sanyo said in a statement that it had booked 6 billion yen ($52.6 million) more in losses for the years from April 2000 to September 2007 than it had previously reported.
BUSINESS
August 10, 2006 | From the Associated Press
Nokia Corp. will halve its San Diego workforce of 1,100 employees because of its decision to stop making phones based on Qualcomm Inc.'s patented technology called CDMA, or code division multiple access. Nokia, which employed 58,874 people worldwide at the end of last year, scrapped plans in June to join forces with Sanyo Electric Co. to produce CDMA phones.
BUSINESS
March 25, 1997 | (Bloomberg News)
The International Trade Commission is investigating a complaint that Sanyo Electric Co. of Japan and two Taiwanese companies, Winbond Electronics Corp. and Macronix International Co., violated patents held by Atmel Corp. of San Jose. In a complaint filed last month, Atmel accused the three companies of selling semiconductor products that are similar to products patented by Atmel.
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