Printed from http://www.electronista.com

Rumor: NEC, Lenovo in talks over mobile phone unit sale

updated 08:57 am EDT, Fri March 29, 2013

Sale of phone section could bring NEC back into profit

NEC is reportedly in discussions with Lenovo over the possible sale of its mobile phone unit, in an attempt to return to profitability. It is also claimed that NEC is in negotiations with other potential buyers for the section, as the company tries to turn itself around after enduring two straight years of losses.

A statement by NEC through the Tokyo Stock Exchange reads "Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided." Anonymous sources of Reuters claimed the negotiations for sale were underway, but would not mention who were in talks with the company, aside from Lenovo. NEC has already worked with Lenovo in the past, forming a pact to help drive its PC business, making NEC's choice of potential suitor for its mobile business fairly logical.

NEC's struggle last year reached the point where it declared it would drop 10,000 jobs, following financial estimates at the time suggesting it would be making a $1.3 billion loss. Most of the jobs were said to be culled from its mobile business.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung SmartCam HD Pro

Keeping an eye on the home while out and about these days is common practice, assisted by modern technology. Internet cameras became p ...

Fugoo Bluetooth speaker

It's rare to find a Bluetooth speaker that can cover a large array of needs. Generally, speakers are wrapped in a desktop-convenient d ...

Epson LW-600P

Label makers are traditionally simple machines that perform a single task which people feel they can either live with or without. In m ...

Sponsor

toggle

Most Commented

 
toggle

Popular News