JAPAN'S FUJITSU TO EXIT U.S. PBX EQUIPMENT BUSINESS.(Reuters) - Fujitsu Ltd, Japan's largest computer maker, said on Tuesday it would shut or sell a U.S. subsidiary that makes private branch exchange (PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). ) communications equipment as part of a restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). drive. Fujitsu Business Communication Systems Inc, based in Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). , manufactures and markets PBX equipment used by organisations for in-house telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. , including office switchboards, and has 762 employees. Fujitsu said it was studying the possibility of selling all or part of the wholly owned unit, which posted $120 million in revenues during the business year to March 31. It was not yet clear whether the employees would be laid off or transferred to a new employer, it said. The company did not disclose any costs or charges connected with the move but said it was part of a restructuring plan announced last month that includes cutting 11,400 jobs abroad. The restructuring, which will result in a 300 billion yen ($2.48 billion) charge for the business year to next March, aims to step up the company's shift into software and services, while focusing its hardware operations more tightly on core products and technologies. "Under its new growth strategy, Fujitsu's telecommunications group is concentrating its resources on its cutting-edge products in the fields of photonics photonics, the science and technology based on and concerned with the controlled flow of photons, or light particles. It is the optical equivalent of electronics, and the two technologies coexist in such innovations as optoelectronic integrated circuits. , IP and 3G mobile technologies and in strengthening its solutions business," the company said in a statement. Fujitsu said it would continue its PBX operations in Japan. The company's shares were down 1.2 percent at 1,151 yen in mid-afternoon trade, underperforming a 0.88 percent rise in the benchmark Nikkei average. The share price has held relatively steady in recent weeks after restructuring announcements helped lift it from a 4-year intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. low of 1,035 yen hit on July 27. |
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