Amdahl Corporation Will Change Name To Fujitsu IT Holdings, Inc.Business and Technology Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--March 6, 2002 Amdahl Corporation (company) Amdahl Corporation - A US computer manufacturer. Amdahl is a major supplier of large mainframes, UNIX and Open Systems software and servers, data storage subsystems, data communications products, applications development software, and a variety of educational and , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Fujitsu Limited of Japan, announced today that, effective April 1, 2002, it will change its name to "Fujitsu IT Holdings, Inc". The newly named company will function as the corporate parent of multiple operating subsidiaries. "Amdahl has been transforming itself into a holding company with its new and traditional product and service offerings being moved into separate operational subsidiaries," explained Mr. Yasushi Tajiri, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Amdahl Corporation. In the latter part of 1995, Amdahl acquired DMR (Digital Media Receiver) See digital media hub. Consulting, an international professional and consulting services company, which recently announced that it would be changing its name to Fujitsu Consulting Fujitsu Consulting is a consulting company based in Edison, New Jersey. It is one of the 500 subsidiaries of Fujitsu, a Japanese based company headquartered in Tokyo, Japan. as part of the global realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. of Fujitsu's software & services business. In 2001 Amdahl formed two additional operating subsidiaries, Fujitsu Software Technology Corporation, to which Amdahl transferred its software business, and Fujitsu Technology Solutions, Inc. ("FTSI FTSI Freight Transportation Services Index (United States Bureau of Transportation Statistics) "), which Amdahl established for the purpose of distributing Fujitsu platforms such as the PRIMEPOWER series of Open Systems servers. On April 1, 2002 Amdahl will transfer the remainder of its product and services offerings to FTSI. These include its traditional maintenance business, multi-vendor managed service offerings, IT infrastructure project service offerings, and distribution business for its own and various third-party products. "Recognizing that these transfers will complete the transition of Amdahl into a holding company, and consistent with Fujitsu's global branding initiative, it was appropriate that Amdahl should also change to a Fujitsu named company," commented Mr. Tajiri. However, for an indefinite period FTSI will continue to operate in Europe and certain other international locations under the "Amdahl" name. About Fujitsu Fujitsu is a leading provider of Internet-focused information technology solutions for the global marketplace. Its pace-setting technologies, best-in-class computing and telecommunications platforms, and worldwide corps of systems and services experts make it uniquely positioned to unleash the infinite possibilities of the Internet to help its customers succeed. Headquartered in Tokyo, Fujitsu Limited (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :6702) reported consolidated revenues of 5.48 trillion yen for the fiscal year ended March 31, 2001. Internet: http://www.fujitsu.com/ |
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