NIPNF NEC Corp featured news, full reports, and detailed charts
NEC Corp (NIPNF/NIPNF.PK) Wrap Up:
NEC Corporation and its subsidiaries provide information technology (IT) and networking solutions in Japan. It operates through six segments: IT Services Business, IT Products Business, Network Systems Business, Social Infrastructure Business; Personal Solutions Business, and Electron Devices Business. The IT Services Business segment offers IT services, which include systems construction, maintenance and support, and outsourcing to government agencies and private-sector companies. The IT Products Business segment provides servers, supercomputers, mainframe computers, storage equipment, professional workstations, and software solutions for the construction of IT systems. The Network Systems Business segment supplies network construction equipment to communications service providers and corporate customers, as well as with network control platform systems and operating services. The Social Infrastructure Business segment supplies industrial systems that support social infrastructure, including broadcasting systems, artificial satellites, and integrated CCTV surveillance systems for airports and local governments, as well as other security-related systems. The Personal Solutions Business segment provides mobile handsets, personal computers, and other terminals, as well as BiGlOBE Internet services. The Electron Devices Business segment offers semiconductors and electronic components for manufacturers involved in digital consumer and automobiles. The company was formerly known as Nippon Electric Company and changed its name to NEC Corporation in 1983. NEC Corporation was founded in 1898 and is headquartered in Tokyo, Japan.www.nec.com
143,327 Employees
Founded in 1898
NEC Corp (NIPNF:Pink OTC Markets Inc)
LAST $2.36 USD
CHANGE TODAY 0.00 0.00%
VOLUME 21.6K
As of 3:46 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of NEC Corp (NIPNF)
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OPEN
$2.35
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PREVIOUS CLOSE
$2.36
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DAY HIGH
$2.36
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DAY LOW
$2.35
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52 WEEK HIGH
07/15/09 - $6.25
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52 WEEK LOW
12/9/08 - $1.60
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MARKET CAP
4.8B
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AVERAGE VOLUME 3 mo
18.2K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
2.0B
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NIPNF Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
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NIPNF Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for NEC Corp (NIPNF)
Intel, NEC to Develop Supercomputer Technologies
11/16/2009
Intel Corporation and NEC Corp. have agreed to jointly develop High Performance Computing (HPC) system technologies that will push the boundaries of supercomputing performance. NEC will bring these technologies to market in future supercomputers based on the Intel(R) Xeon(R) processor. NEC's expertise in this field coupled with the Intel Xeon processor's outstanding performance and its accelerating vector capabilities such as AVX will allow for higher performance supercomputers, satisfying customer demand for Intel(R) architecture based products. NEC will also continue to sell their existing SX vector processor-based products. A vector processor can perform a mathematical operation on several numbers simultaneously.
NEC Corp. Joins GlobalPlatform
11/16/2009
GlobalPlatform announced that NEC Corp. has joined its membership and will participate in the organization's Mobile Task Force activities. Joining GlobalPlatform, the international specification body for smart card infrastructure, as an Observer Member, NEC will play an active role in the organization's Mobile Task Force. Working in collaboration with other industry standardization bodies, this group brings together more than 45 GlobalPlatform member companies to actively contribute to the development of mobile telecommunications standards worldwide. In addition to participating in the Mobile Task Force, NEC will also contribute to GlobalPlatform's Advisory Council. The Advisory Council is a forum for members to engage directly with GlobalPlatform's Board of Directors, Committee Chairs, and the Technical and Executive Directors on priority issues such as industry trends, strategy, and the technical priorities and activities that will shape the organization.
NEC Corp. Reports Earnings Results for the First Half Ended September 2009 ; Revised Earnings Guidance for the Year of 2010; Cuts 20,000 Jobs Worldwide
10/29/2009
NEC Corp. reported earnings results for the first half ended September 2009. The company logged a net loss of JPY 43.6 billion ($482 million) for the six months through September 20009, against a year-earlier profit of JPY 1.8 billion. It posted an operating loss of JPY 37.7 billion, against a year-earlier profit of JPY 13.4 billion. Revenue fell 22.3% to JPY 1.65 trillion, due to reduced demand from the economic downturn, which resulted in sales declines throughout all business segments. In an effort to return to the black, the company is cutting 20,000 jobs worldwide and withdrawing from the personal computer business in North America and Europe amid growing competition from US and Taiwanese rivals. The company left unchanged its forecast to return to profit for the full business year to March 2010, predicting net earnings of JPY 10 billion, after a loss of JPY 296.6 billion last year. But it lowered its operating profit forecast for the year to JPY 60 billion from JPY 100 billion.
NIPNF Competitors
| Company | Last | Change |
| Alcatel-Lucent | €2.46 EUR | -0.021 |
| Fujitsu Ltd | ¥504.00 JPY | -4.00 |
| Mitsubishi Electric Corporation | ¥596.00 JPY | -5.00 |
| Sharp Corporation | ¥989.00 JPY | -9.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | NIPNF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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NIPNF |
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NIPNF transactions
| Type Date |
Target |
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Merger/Acquisition
November 10, 2009 |
ZAO NEC Neva Communications Systems |
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Private Placement
July 31, 2009 |
Blade Network Technologies, Inc. |
More Recent News About NEC Corp
More news for NIPNF
In Japan, Android To The Rescue?
TOKYO -- Japan's mobile-phone makers are hurting. A strong yen is sapping their exports, the financial meltdown has impoverished their customers, and their phones--heavy in features, loaded with wizardry--are too expensive and clunky to sell outside Japan. But the biggest problem is their shrinking, aging domestic market.In comes a potential savior that, while it doesn't share the handset makers' problems, does have a common solution: Google ( GOOG - news - people ). The Internet behemoth's new open-source operating system for mobile phones, Android, is being hailed as perhaps the only thing that can rescue the ailing Japanese manufacturers by helping them sell phones outside Japan. "We think Android is good for the device manufacturers because it gives them a way out," says Tom Moss, the Japanese-speaking attorney who runs the business side of Android for Google. Google hopes Android will attract more mobile phone users onto the Internet, meaning more money for the search-and-advertising behemoth. It's easier and cheaper to make a phone run on Android compared to a proprietary operating system. There are other open-source operating systems, like Symbian, but Android has the heft of Google behind it. Japan's mobile industry runs on tight coordination among the big operators--NTT DoCoMo ( ...Click here to read the whole Article (external link)
LiMo Fights Back
It takes guts to compete with Google. Morgan Gillis knows this first-hand. As executive director of the LiMo Foundation, Gillis oversees the creation of a Linux-based operating system that is widely viewed as a rival to Google's ( GOOG - news - people ) open-source mobile operating system, Android. In the past month, Gillis' mission has grown even more challenging. Motorola ( MOT - news - people ), one of LiMo's founding members, confirmed it had scaled back its involvement to focus on its new line of Android-based phones. Last week, Verizon ( VZ - news - people ) Wireless, the U.S.' largest wireless operator, revealed it would partner with Google to develop Android phones for its network. The move prompted questions about Verizon's commitment to LiMo, which it joined--also as a board member--in May 2008. (See ...Click here to read the whole Article (external link)
In Pictures: The 10 Best Mid-Cap Stocks
.slideimgbox { width:170px; padding:6px; float:left; } .slideimgbox img#intro { border:1px #000 solid; width:170px; height:170px; } .slidetxt { /* for less text reduce width */ width: 430px; margin-top:8px; } We identified the best mid-cap stocks in America--those with market values between $750 million and $3.3 billion--with a composite ranking of crucial financial metrics, such as return on equity, long-term and short-term sales and earnings growth, and long-term earnings-growth forecasts. The following presentation shows the 10 mid-cap stocks with the highest overall rankings. E-Mail | E-Mail Newsletters | ...Click here to read the whole Article (external link)
Asian Markets Sputter As Japan Rises
HONG KONG -- Most markets in Asia fell Thursday, tracking overnight losses on Wall Street and mixed comments from the U.S. Federal Reserve.A broad-based sell-off in Hong Kong saw all but one stock from the Hang Seng index tumble into negative territory as the benchmark lost over 2.5%. It closed at 21,050.73.Chinese banks listed in Hong Kong were hit the hardest. Bank of Communications lost 4.1%, Bank of China fell 4%, China Construction Bank dropped 3% and Industrial and Commercial Bank of China shed 2.8%.Metallurgical Corp. of China (MCC) failed to shine in its first day of trading in Hong Kong as concerns grow that a glut of new share trading in the market could outpace demand from investors. Shares of MCC fell 11.7% to 5.61 Hong Kong dollars (72 cents). MCC's main line of business is building factories and mines for the metals industry.Stocks traded in mainland China spent most of the day in negative territory before a late rally lifted the Shanghai Composite Index higher by 0.4% to 2,853.55 points.The U.S. Federal Reserve announced on Wednesday that it would keep interest rates unchanged, but also said that the central bank would slow purchases of mortgage-backed securities, leading to concerns that stimulus measures are beginning to be scaled back. U.S. markets -- the Dow, Nasdaq and S&P -- responded by initially posting modest gains, but finished with moderate losses.On the first day of trading in Japan after the three-day holiday, investors were greeted with the news that exports tumbled 36% in August from a year earlier. The finance ministry said that Japan's exports came in at 4.5 trillion yen ($49 billion), marking the 11th consecutive year-on-year decline. Imports plunged 41.3% to 4.3 trillion yen ($47.5 billion).Most Japanese investors, however, were undaunted by the report, choosing instead to focus on statements by the Fed that said U.S. economic activi...Click here to read the whole Article (external link)
Wireless Applications Showing Greatest Promise in the Semiconductor Space, According to Industry Analyst
67 WALL STREET, New York - September 16, 2009 - The Wall Street Transcript has just published its Semiconductors, Semiconductor Equipment, and Software Report offering a timely review of the sector to serious investors and industry executives. This 115 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: DRAM Industry Reorganization -- Semiconductor Supply Chain Status -- Netbook Growth -- LCD TV Growth -- NAND Pricing and Demand -- Micro-Electro-Mechanical Systems (MEMS) Demand Cycle -- Ultra Low Voltage Processors -- Semiconductor Inventory Aging and Type -- Processor Power Developments Companies include: Intel (INTC); Micron Technology (MU); Microsemi (MSCC); STEC, Inc. (STEC); National Semiconductor (NSM); Texas Instruments (TXN); Taiwan Semiconductor Manufacturing (TSM); ON Semiconductor (ONNN); Intersil (ISIL); Linear Technology Corporation (LLTC); Monolithic Power Systems (MPWR);Advanced Photonix (API); Waytronx Inc. (WYNX); LTX-Credence (LTXC); Mattson Technology Inc. (MTSN); Oclaro, Inc. (OCLR); Silicon Laboratories (SLAB); Microchip Technology, Inc. (MCHP); Cohu, Inc. (COHU); FSI International, Inc. (FSII); Jaco Electronics (JACO); Cadence Design Systems (CDNS); Synopsys (SNPS); Mentor Graphics (MENT); Magma Design Automation (LAVA) In the following brief excerpt from the 115 page report, Patrick J. Ho discusses the outlook for the sector and for investors. TWST: Patrick, I gather you cover...Click here to read the whole Article (external link)
Shares End Higher Across Asia
HONG KONG -- Asian stocks ended slightly higher Tuesday despite worries abut U.S.-China trade relations. Japan's benchmark Nikkei 225 index rose 15 points, or 0.2%, to close at 10,217.62, while the broader Topix index fell by 0.2% to 932.52. Shares also rose in Korea, with the Kospi index gaining 18.49 points, or 1.1%, to close at 1,653.4.Following a jump in share price Monday, Japan Airlines was again one of the day's biggest movers, falling 3.4% to 170 yen ($1.87) amid news that Air France-KLM, Delta Air Lines ( DAL - news - people ) and American Airlines ( AMR - news - people ) were interested in buying a minority stake in the struggling Japanese carrier. JAL posted a 99 billion yen ($1 billion) loss in the second quarter as travelers cut back on flights due to the global recession and swine flu.Shares of NEC ( NIPNY - ...Click here to read the whole Article (external link)
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