Fujitsu Ltd. shows money is no object in winning contract; computer firm stuns official by bidding only one yen on big Hiroshima project

Article Abstract:

Fujitsu Ltd. has bid less than one cent for a contract to map the waterworks of the city of Hiroshima. The computer company bid so low because it wants experience in system design. The Hiroshima municipal government has not yet determined whether it will throw out the company's bid in favor of one of the seven other bidders. If Fujitsu is awarded the contract, the company will have to design a system that will be compatible with other makers' equipment. Municipal governments are expected to become heavy investors in computer equipment in the future; Fujitsu would be technologically ahead of other companies when similar contracts come up for bid. Japanese companies have a history of offering deep discounts in order to win contracts; American firms believe that such practice is one reason why they cannot gain entry into the Japanese market.

Irrigation systems, Economic aspects, Maps (Geography), Water Supply, Maps

---

Fujitsu seeks closer ties with Siemens, agrees to buy 80% of Britain's ICL

Article Abstract:

Takuma Yamamoto, chairman of Fujitsu Ltd, after concluding a deal to buy control of Britain's International Computers Ltd, says he hopes eventually to invest in Siemens AG of West Germany. Fujitsu controls 80 percent of the British computer firm, making it tough competition for IBM in the European market. As part of Fujitsu's drive to expand in Europe, Yamamoto hopes to invest in the German company or to form a joint venture with it. The two companies already cooperate in mainframe computers: Fujitsu acts as a supplier for Siemens's mainframes, which are sold in West Germany. Fujitsu's computer sales in Europe are about 100 billion yen ($671 million) a year.

Europe, Germany, Mergers, acquisitions and divestments, Investments, Joint ventures, International aspects, Japanese foreign relations, Siemens AG, German foreign relations, West Germany, Germany, West, Acquisition, International Computers Ltd. (Nairobi, Kenya), West German foreign relations

---

Fujitsu, NEC offer apologies for 1 yen bid

Article Abstract:

Fujitsu Ltd and NEC Corp apologize for making ridiculously low bids to secure government contracts. Both the Japanese Ministry of International Trade and Industry and the Fair Trade Commission are considering investigations of the Japanese computer industry. These bidding disclosures add support to the US contention that Japanese businesses are indulging in unfair trade practices to keep foreign competition out of Japan. Fujitsu reports that it is offering to withdraw its bids for the design of municipal computer systems in Hiroshima and Nagano, but the cities may force Fujitsu to honor its bid.

Investigations, Economic policy, Unfair competition (Commerce), Unfair competition, NEC Corp., Competitive Bidding

Similar abstracts:

• Abstracts: Zenith's return to roots may be plunge into problems; decision to abandon computers for HDTV project raises doubts
• Abstracts: Zenith's return to roots may be plunge into problems; decision to abandon computers for HDTV project raises doubts. part 2
• Abstracts: Jobs cuts price, adds hard-disk drive in effort to spur Next computer sales. Slow start for Next doesn't worry Jobs
• Abstracts: IBM stirs up market with plans to unveil home computer that will be easy to use. IBM to unveil disk-drive line next Tuesday
• Abstracts: Computer powerhouse of D.E. Shaw & Co. may be showing Wall Street's direction. Curb futures, not programs, some declare

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.