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

To: Douglas Perkins who wrote (12098)	12/25/1997 11:08:00 AM
From: Douglas Perkins	Read Replies (2) \| Respond to of 97611

Looks like NEC is the big loser this Christmas: Thursday December 25, 1:40 am Eastern Time NEC to brief media on support for Packard Bell NEC TOKYO, Dec 25 (Reuters) - NEC Corp (Nasdaq:NIPNY - news; 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 (NYSE:CPQ - news) and Dell Computer Corp [Nasdaq:DELL - news] <DELL O>, Dataquest said.