(Reuters) - TOKYO, July 30 - Troubled chip maker NEC
Electronics Corp. reported a smaller quarterly loss on
Monday on cost cuts and sales of microchips for game consoles,
cars and large displays, but kept its full-year outlook.
NEC Electronics, 70 percent owned by NEC Corp. , is
closing outdated production lines and cutting salaries, while
its third-biggest shareholder, U.S. investment fund Perry
Capital, is putting pressure on parent NEC to cede majority
control of the loss-making unit.
Read more at Reuters.com Market News
Electronics Corp. reported a smaller quarterly loss on
Monday on cost cuts and sales of microchips for game consoles,
cars and large displays, but kept its full-year outlook.
NEC Electronics, 70 percent owned by NEC Corp. , is
closing outdated production lines and cutting salaries, while
its third-biggest shareholder, U.S. investment fund Perry
Capital, is putting pressure on parent NEC to cede majority
control of the loss-making unit.
Read more at Reuters.com Market News
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