Sanyo is in a weak financial position and has a dwindling amount of money and resources to put towards developing new handsets. Joining hands with a strong player like Nokia would be a positive move.
More Quotes from Fumio Osanai:
A deal like this could eliminate a big swing factor and make its earnings structure more stable. I could also make it easier for Sanyo to sell batteries, which is what I would like to see the company do -- focus more on its devices business.Fumio Osanai
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