August 28 (Bloomberg) - Casio Computer Co. rose to its highest level in nearly 11 months in Tokyo trading after the Yomiuri newspaper producer of electronics is in talks with NEC Corp. and Hitachi Ltd. for their telecommunications companies to merge.
Casio, a Japanese producer of mobile phones and watches, rose 8.5 percent to close at 919 yen on the Tokyo Stock Exchange, its highest level since 2 October. NEC and Hitachi added 1.6 percent got 0.6 percent while the benchmark Nikkei 225 Stock Average advanced 0.6 percent.
The company, which the NEC for more than 50 percent, more than 20 percent of the mobile market in Japan and will start work in April 2010, Yomiuri reported, without saying where it obtained information.
The report is based on a sign or a decision by the company, spokesman Shinobu Kurahashi and Casio Hitachi spokesman Hiroki Inoue said via telephone and NEC said in a statement to the Tokyo Stock Exchange. Kurahashi and not comment on whether talks Inoue time.
Casio income unit, consisting of mobile phones and office equipment fell 1.6 percent to 163.2 billion yen (1.7 billion U.S. dollars) for the year ended 31 March Kurahashi said. He declined to give profit figures for the device.
Casio, a Japanese producer of mobile phones and watches, rose 8.5 percent to close at 919 yen on the Tokyo Stock Exchange, its highest level since 2 October. NEC and Hitachi added 1.6 percent got 0.6 percent while the benchmark Nikkei 225 Stock Average advanced 0.6 percent.
The company, which the NEC for more than 50 percent, more than 20 percent of the mobile market in Japan and will start work in April 2010, Yomiuri reported, without saying where it obtained information.
The report is based on a sign or a decision by the company, spokesman Shinobu Kurahashi and Casio Hitachi spokesman Hiroki Inoue said via telephone and NEC said in a statement to the Tokyo Stock Exchange. Kurahashi and not comment on whether talks Inoue time.
Casio income unit, consisting of mobile phones and office equipment fell 1.6 percent to 163.2 billion yen (1.7 billion U.S. dollars) for the year ended 31 March Kurahashi said. He declined to give profit figures for the device.
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