NEC eyes cell phone operations tie-up or merger - Hardware _11597

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His comments come two weeks after NEC disclosed plans to scale back its cell phone handset business in China because it is having trouble making money in the mid-range market. NEC began a high-profile push into China's high-end market in 2004 and expanded into the mid-range after finding some success.
NEC eyes cell phone operations tie-up or merger | Hardware
          December 26,You are not allowed to view links. Register or Login, 2005               NEC eyes cell phone operations tie-up or merger               Company president rules out working with foreign cell phone maker          By Martyn Williams | IDGNS                                                Print                                |                  Add a comment                                                                                                                                                     
President Akinobu Kanasugi told the Asahi Shimbun newspaper that he wants to find a domestic partner for his company's cell phone business. He has ruled out working with a foreign cell phone maker because NEC has a large amount of 3G-related technology and know-how that was gained with NTT DoCoMo Inc. and other domestic partners,You are not allowed to view links. Register or Login, he said.
NEC confirmed the comments.
                                                                                                                                                                                               

 
Worldwide the company has cut its global handset shipment forecast from 15 million to 10 million for the current fiscal year. The drop of 5 million is attributed to lower than expected shipments in China, Europe and Japan,You are not allowed to view links. Register or Login, the company said.
NEC Corp. is hoping to tie or merge its cell phone business with that of another Japanese handset maker within the next 6 months,You are not allowed to view links. Register or Login, its president said in an interview published Tuesday in a Japanese newspaper.