Struggling Floating Point Systems Inc, the Beaverton, Oregon company that likes to be thought of FPS Computing these days, though it hasn’t changed its legal name, has found about $3.4m of additional cash by agreeing to sell its Nippon FPS Japanese unit to the Canon Sales Inc arm of Canon Inc. Canon plans to use the business as a vehicle to enter the systems integration business. For the moment, FPS will continue in its current direction, under its current president. It has 21 employees and numbers Nippon Telegraph & Telephone Corp among its customers. Sales are running at some $6.6.
