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

To: Jan Murray who wrote (5650)	2/22/1999 5:09:00 PM
From: Marc Bejarano	Read Replies (1) \| Respond to of 11417

looks like our friends over at NEC are having a bit of trouble this year. WSJ has few recent articles about this year's financial results being by far the worst in the company's 100-year history. here is a snippet from one article: === On Friday, NEC Corp. said it expected to post a loss of 150 billion yen ($1.25 billion) in the fiscal year, four times more than it had previously forecast. The company, whose president said he would resign to take responsibility for the loss -- NEC's largest ever -- also announced 15,000 job cuts over the next three years, including 9,000 in Japan, and a major restructuring of its U.S. unit, Packard Bell NEC Inc. === let's hope that the people involved with the wave-enabled pc's don't get fired! marc