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BUSINESS
October 3, 1989 | From Times Wire Services
Honeywell Inc. said Monday that it is selling its 50% stake in HNSX Supercomputers Inc. to its joint venture partner, NEC Corp. Terms of the deal were not disclosed. A spokesman for NEC, the Japanese computer giant, said the venture, which has been only marginally successful in the United States, would continue with its existing staff and business plan.
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BUSINESS
September 29, 1999 | Bloomberg News
NEC Corp., Japan's largest maker of personal computers and microchips, said it will strengthen its Internet service business and reorganize operations in a bid to recover from a record loss of $1.5 billion in its last fiscal year ended March 31.
BUSINESS
July 10, 1991 | From Associated Press
Japan's NEC Corp. will take a 4.7% stake in the parent of France's troubled government-controlled computer maker Groupe Bull SA, which has extensive U.S. operations, Bull said Tuesday. NEC will trade its 15% ownership of Bull's main U.S. subsidiary, Bull HN Information Systems Inc., for the stake in Compagnie des Machines Bull, the group said.
BUSINESS
November 25, 1989 | From Associated Press
Japan's Fair Trade Commission on Friday issued stern warnings to two Japanese computer manufacturers that may have engaged in unfair trade practices by bidding one yen on local government projects. After several weeks' investigation, the commission decided that the bids of one yen, the equivalent of 0.7 cent, made by Fujitsu Ltd. and NEC Corp. required "stern warnings," said Takashi Yamamoto of the FTC's trade practices division.
BUSINESS
May 28, 1990 | From Associated Press
National Semiconductor Corp. says it has signed a pact with NEC Corp. to sell one of the Japanese company's leading-edge computer memory chips and to explore deals in marketing, manufacturing and technology. The initial agreement between the two electronic giants covers Tokyo-based NEC's high-volume SRAM chips--a static random access memory device with 256,000 bytes of memory.
NEWS
May 18, 1996 | EVELYN IRITANI, TIMES STAFF WRITER
The U.S. National Science Foundation has selected NEC Corp. of Japan as the primary vendor to supply a multimillion- dollar supercomputer for a Colorado weather research center, NEC said today, marking the first time the U.S. government has purchased such a machine from a Japanese company. The decision came despite intense lobbying by U.S. supercomputer vendor Cray Research Inc.
BUSINESS
October 19, 1990 | LESLIE HELM, TIMES STAFF WRITER
AST Research Inc., an Irvine-based personal computer maker, has signed up three distributors for its new made-for-Japan computer, overcoming the final obstacle to beginning sales next month of the hybrid machine. The machine drew strong interest when it was first announced in July because it was the first time an outside company had challenged NEC Corp.'s dominance of the Japanese personal computer market with a compatible machine.
BUSINESS
November 2, 1987 | From Reuters
Nineteen Japanese firms are jointly developing an operating system that would allow IBM-compatible personal computers to run programs in Japanese, according to a spokesman for the group. Development of the Architecture Extended-AX system would open up a wide range of English-language software to Japanese users. It would also give hardware makers a chance to sell cheaper PCs in the Japanese market, now dominated by NEC Corp., the spokesman said Friday.
BUSINESS
February 20, 1999 | From Associated Press
NEC Corp., Japan's biggest personal computer and chip maker, said Friday it overhauled its management and will cut 15,000 jobs, or nearly 10% of its work force, over three years as it struggles to recover from slumping sales and massive losses at its Packard Bell unit in the United States. About 6,000 of the job cuts are outside Japan; the company did not say how many will hit its 7,000 U.S. workers. The downsizing is the latest corporate fallout from the spreading economic crisis in Asia.
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