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To: BillyG who wrote (27085)12/24/1997 6:24:00 PM
From: Peter V  Respond to of 50808
 
Let's hope the Forum is more successful in getting agreement than they were on the first generation DVD-RAM, DVD+RW, etc. Happy Holidays!



To: BillyG who wrote (27085)12/25/1997 1:31:00 PM
From: CPAMarty  Respond to of 50808
 
Thursday, December 25, 1997<Picture>NEC to brief media on support for Packard Bell NEC
Thursday December 25 1:09am

zdii.com

TOKYO, Dec 25 (Reuters) - NEC Corp <6701.T> said on Thursday it would hold a news conference at 5.30 p.m. (0830 GMT) regarding additional support for Packard Bell NEC Inc.

Packard Bell NEC is currently 19.99 percent owned by NEC and 20 percent by France's Groupe Bull, with the rest held by private owners.

NEC has already boosted its investment in Packard Bell NEC several times, including an acquisition of non-voting convertible preferred stock in April 1996 and a transfer of assets in July 1996.

According to Dataquest, Packard Bell NEC was the fifth-biggest PC vendor worldwide in the third quarter of this year.

The company's shipments declined 7.6 percent to 940,000 during the quarter, giving it a 4.6 percent share of the worldwide market after a sales war between PC powerhouses Compaq Computer Corp <CPQ.N> and Dell Computer Corp <DELL O>, Dataquest said.

((Tokyo newsroom +81 3 3432-8595

tokyo.equities.newsroom@reuters.com))

Source: Reuters