Can Fujitsu Be The Behemoth Of The Net?
It cuts a slew of E-deals in a bid to be a cyberpower
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Fujitsu Ltd. President Naoyuki Akikusa is on a mission to make his company an Internet power. Fujitsu? The $46 billion behemoth that specializes in computers and systems-integration services? Sure enough. And judging from its stock price--which has soared 140% this year, vs. 35% for the Nikkei index--investors are sold.
Since taking the helm last year, Akikusa has launched an overhaul to bring the 64-year-old conglomerate up to Net speed. Web-based software and services account for 39% of revenues. A former systems engineer, Akikusa is pushing Fujitsu into online trading, auctions, and E-commerce services for businesses and consumers. "This is a new industrial revolution," he explains.