Time for sharp competitive intelligence

Japanese electronics maker Matsushita said Thursday its quarterly profit climbed 46 percent on strong sales of appliances and digital audiovisual products.

Net income at Matsushita Electric Industrial Co. rose to 115.2 billion yen ($1.08 billion) from 78.7 billion yen in the quarter ended Dec. 31 from the same period a year ago, the maker of Panasonic brand products.

Quarterly sales fell 4 percent to 2.34 trillion yen ($22.02 billion) from 2.44 trillion yen a year earlier.

The company’s share price surged 8.7 percent to close at 2,250 yen after Matsushita announced it had settled ongoing semiconductor patent lawsuits with Samsung Electronics Co. in the U.S. and Japan.

The two companies agreed to enter a patent cross license agreement in the field of semiconductors as part of the settlement. The agreement’s details will not be disclosed, Matsushita said in a separate statement.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: