Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: John Rieman who wrote (27081)	12/24/1997 12:15:00 PM
From: let	Read Replies (2) \| Respond to of 50808

Merry Christmas to Everyone !! May '98 be the best year ever! Thanks again for all the time and effort to make this the greatest thread in SI...it really helps a non-techie like me.

To: John Rieman who wrote (27081)	12/25/1997 10:47:00 PM
From: CPAMarty	Respond to of 50808

NEC says to provide $300 mln to Packard Bell NEC Thursday December 25 3:53am zdii.com TOKYO, Dec 25 (Reuters) - Major Japanese electronics firm NEC Corp <6701.T> said on Thursday that it would provide $300 million in support to Packard Bell NEC Inc and that the amount would be guaranteed by France's Groupe Bull. The company also said it would boost its share of stock with voting rights in Packard Bell NEC to 49 percent from 19.84 percent at present. It added that Bull's share of stock with voting rights would fall to 12.6 percent from the current 19.84 percent, while those of founder Packard Bell would decline to 38.38 percent from the present 60.32 percent. NEC senior executive vice president Seijiro Yokoyama said the move was aimed at strengthening the company's service support and marketing systems for its personal computer business in the United States. Yokoyama added that earnings at Packard Bell NEC were growing more slowly than expected due to a rapid decline in consumer and home PC prices. Part of the $300 million would be used for day-to-day operations at Packard Bell NEC, he said. Yokoyama said NEC decided to keep its voting rights below 50 percent because the company wanted to list shares in Packard Bell NEC as a U.S. company under the leadership of U.S. managers. "It is important to maintain an American management style to survive competition in the fast-changing U.S. PC market," he said. In addition to the financing announced on Thursday, NEC has so far invested 113.5 billion yen in Packard Bell NEC, including asset transfers of 35.3 billion yen. ((- Tokyo Newsroom +81 3 3432-9404 email: tokyo.newsroom@reuters.com)) Source: Reuters