Matsushita Announces Groupwide Business and Organizational Restructuring; Further Steps Toward New Growth Under the Mid-term Business Plan, "Value Creation 21".Business Editors OSAKA, Japan--(BUSINESS WIRE)--April 26, 2002 Matsushita Electric Industrial Co., Ltd. (MEI (NYSE NYSE See: New York Stock Exchange : MC)) announced that MEI and five of its group companies (the five group companies) today reached a basic agreement for groupwide business and organizational restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). , with an intent to implement such restructuring on January 1, 2003, after carefully scrutinizing the best possible Group structure to achieve new growth under its mid-term "Value Creation 21" plan. The five group companies are Matsushita Communication Industrial Co., Ltd. (MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. ), Kyushu Matsushita Electric Co., Ltd. (KME KME Knowledge Management Environment KME Kentucky Mining Engineering KME Kia Motors Europe KME Key Mouse Electronic ), Matsushita Seiko Co., Ltd. (MS), Matsushita Kotobuki Electronics Industries, Ltd. (MKEI) and Matsushita Graphic Communication Systems, Inc. (MGCS MGCS Managing Goals and Careers for Success MGCS Micron Government Computer Systems, Inc. MGCS Missile Guidance and Control System ). Details of the Group's restructuring are as follows: 1. MEI and each of its Five Group Companies entered into Share Exchange Agreements As previously announced, MEI and each of the five group companies adopted resolutions, at their respective Board of Directors meetings held on January 10, 2002, to implement share exchanges under the Commercial Code of Japan, whereby the five group companies would become wholly-owned subsidiaries of MEI. The memoranda of understanding therefore were severally executed on the same day. Based on the above memoranda, MEI and each of the five group companies today resolved at their respective Board of Directors meetings to enter into the share exchange agreements, and have severally entered into such agreements. The share exchange agreements shall be subject to, and submitted for, the approval at the ordinary general meetings of shareholders of MEI and each of the five group companies, scheduled to be held on June 27, 2002. The share exchanges shall, upon such approval, be implemented on October 1, 2002. As previously announced on January 10, 2002, the share exchange ratio is as set forth in the table below. Number of MEI shares to be allotted al·lot tr.v. al·lot·ted, al·lot·ting, al·lots 1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame. 2. to one (1) share of each company:
MCI 2.884
--------------------------------- ------------------------------------
KME 0.576
--------------------------------- ------------------------------------
MS 0.332
--------------------------------- ------------------------------------
MKEI 0.833
--------------------------------- ------------------------------------
MGCS 0.538
--------------------------------- ------------------------------------
For more details, please see the separate press release entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Matsushita Electric and Five Subsidiaries Sign Share Exchange Agreements." 2. New Group Structure and Business Framework after the Five Group Companies becoming Wholly-owned Subsidiaries MEI and each of the five group companies also resolved, at their respective Board of Directors meetings held today, to enter into memoranda of understanding (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) to implement the reform of groupwide business and organizational structures  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. , effective January 1, 2003. The MOU were also executed today. (Purpose of the Group's Business and Organizational Restructuring) To achieve new growth in the 21st century, the Matsushita Group began its mid-term business plan called "Value Creation 21" for the period from April 2001 to March 2004. Under the "Deconstruct de·con·struct tr.v. de·con·struct·ed, de·con·struct·ing, de·con·structs 1. To break down into components; dismantle. 2. and Create" theme, a series of restructuring programs have been implemented, including reforms of the domestic consumer products distribution structure, expansion of IT utilization, strategic selection and strengthening of businesses and closing/integration of manufacturing units, initiatives to innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. and R&D structure, and employment restructuring programs. Now that these structural reforms have been implemented, the priority of the Matsushita Group's management is being shifted from "Deconstruct" to "Create." In this "Create" phase, the Matsushita Group will implement groupwide business and organizational restructuring to establish best-suited frameworks for accelerating a new growth strategy that compliments com·pli·ment n. 1. An expression of praise, admiration, or congratulation. 2. A formal act of civility, courtesy, or respect. 3. the aforementioned a·fore·men·tioned adj. Mentioned previously. n. The one or ones mentioned previously. aforementioned Adjective mentioned before Adj. 1. share exchanges. In this restructuring, the Matsushita Group intends to clarify its business domains as strategic units and achieve optimum corporate management from the viewpoint of serving the interests of customers. Management's basic focus is placed on the elimination of counterproductive coun·ter·pro·duc·tive adj. Tending to hinder rather than serve one's purpose: "Violation of the court order would be counterproductive" Philip H. Lee. overlapping of businesses among group companies, concentration and effective use of groupwide management resources, especially R&D resources, and establishment of an integrated operational structure covering everything from product development and manufacturing, to sales in each domain. Through implementation of these basic policies, the Matsushita group aims to accelerate the growth strategy, and establish a management structure with full responsibility to customers, in each business domain. (Outline of the Group's Business and Organizational Restructuring) The AVC (1) (Advanced Video Coding) The video compression techniques used in the H.264 standard, jointly developed by ISO and the ITU-T. See H.264. (2) (Audio Visual C Company and the FA Company, both internal divisional companies of MEI, and MCI, KME, MS and MGCS will be reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. into the following new entities, for the purpose of clarification of business domains.
Business Domain New Entity
---------------------------- ----------------------------------------
- AVC: "Panasonic AVC Networks Company" (an
internal divisional company of MEI)
(this is a tentative name, and all the
names of the companies hereinafter are
also tentative)
- Fixed-line communications: "Panasonic Communications & Imaging Co.,
Ltd."
- Mobile communications: "Panasonic Mobile Communications &
Networks Co., Ltd."
- Automotive electronics: "Panasonic Automotive Systems Company"
(an internal divisional company of MEI)
- Systems: "Panasonic System Solutions Company"
(an internal divisional company of MEI)
- Environmental systems: "Matsushita Ecology Systems Co., Ltd."
- FA: "Panasonic Factory Solutions Co., Ltd."
MKEI will not be set as a company which belongs to any specific business domain, but will build up a strategic and cooperative/complementary relationship with each group company in the AVC business and other areas. The actual methods of business combinations or splits, as legally defined (namely, company splits, mergers, asset transfers, or other), to implement the above business transfers and/or integrations, except for those already decided, will be determined later this year upon consultation among the companies, after examining the legal, tax and accounting aspects in detail. Details of Restructuring and New Business and Organizational Frameworks 1. AVC Business The AVC Company as an internal divisional company of MEI will change its name to "Panasonic AVC Networks Company" (PAVC PAVC Physical Access - Visitor Control ) and be restructured to concentrate on visual network products business (TVs, STBs, etc.), AVC network equipment business (VCRs, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. equipment, audio equipment, PCs, etc.) and AV systems business (business-use video and audio equipment, etc.). PAVC will focus its efforts on its strategic core businesses, namely digital TVs, PDP (1) (Plasma Display Panel) See plasma display. (2) (Policy Decision Point) See COPS and XACML. (3) (Programmed Data P TVs, DVD equipment, SD products and digital still cameras, which are expected to achieve high growth. PAVC will actively seek the efficient and speedy product deployment of digital TVs by developing a common platform for all global markets, and expand sales of PDP TVs by introducing large-size slim models. In DVD-related equipment, PAVC will augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: its lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of DVD players A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. , expand the DVD recorder (1) A recordable or rewritable DVD drive that is connected to the computer. It may be an internal or external device. See DVD drives, DVD-R, DVD-RW, DVD+R and DVD+RW. (2) market, and broaden the range of business-use products, thereby enhancing the "DVD world." Similarly, the "SD world" will be established by expanding the range of SD compatible products, such as digital still cameras, while at the same time popularizing the SD Memory Card as a compact mobile media to link various equipment.
(Summary)
1) Name of organization: Panasonic AVC Networks Company
(tentative name)
2) Description of business: Development, manufacture and sale of
visual network products and AVC
equipment, and related services and
engineering
3) Targeted annual sales for
the year ending
March 31, 2005: approximately 1,560 billion yen
(consolidated basis)
2. Fixed-line Communications Business A new company, "Panasonic Communications & Imaging Co., Ltd." (PCIC PCIC Petroleum and Chemical Industry Conference PCIC Philippine Crop Insurance Corporation PCIC Pacific Climate Impacts Consortium (Victoria BC Canada) PCIC Progressive Casualty Insurance Company PCIC Pickling Cucumber Improvement Committee ), will be established through a merger between KME and MGCS (see the separate press release "Kyushu Matsushita Merges with Matsushita Graphic Communication" for more details). MCI's PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). and home telephone businesses and MEI's sales divisions handling the fixed-lined communications will be transferred to and integrated into this new company. PCIC will thus unify 1. (database, product) Unify - A relational database produced by Unify Corporation. 2. (algorithm) unify - To perform unification. the entire Matsushita Group's development, manufacturing and sales functions within the fixed-line communications area, including document-related businesses. PCIC will develop and implement an integrated strategy, upon defining everything from home telephones, business telephones, facsimile machines and PBXs, to printers and digital multi-function document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. machines, as terminal and infrastructure equipment that can be linked to fixed-line communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. and the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . With this strategy, the new company will promote the convergence of communications and document processing to eventually operate as solutions providers in the area of communications and imaging networks for the home, home-office and business office.
(Summary)
1) Name of organization: Panasonic Communications & Imaging Co.,
Ltd. (tentative name)
2) Description of business: Development, manufacture and sale of
fixed-line communications equipment
including document- related products,
and related services and engineering
3) Targeted annual sales for
the year ending
March 31, 2005: approximately 550 billion yen
(consolidated basis)
3. Mobile Communications Business MCI will be reorganized under a new name "Panasonic Mobile Communications & Networks, Ltd." (PMCN). With MCI's Mobile Communications Company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. and related divisions as its core, PMCN will consolidate MEI's Corporate Information & Communications Sales Division, the marketing unit, to unify development, manufacturing and sales operations in this business area. Following last year's unification (programming) unification - The generalisation of pattern matching that is the logic programming equivalent of instantiation in logic. When two terms are to be unified, they are compared. of R&D units related to mobile communication terminals within the Matsushita Group, the unification of marketing units as referred to above is expected to speed the implementation of the integrated business strategy combining everything from development to sales. Especially in the cellular phone business, PMCN's aim is to accelerate the product development of third-generation cellular phones, expand the business globally and become one of the world's top three suppliers, while securing its position as a leading manufacturer within the domestic market.
(Summary)
1) Name of organization: Panasonic Mobile Communications &
Networks Co., Ltd. (tentative name)
2) Description of business: Development, manufacture and sale of
mobile communications terminals, base
transceiver stations for mobile
communications networks and public
access network-related equipment, and
related services and engineering
3) Targeted annual sales for
the year ending
March 31, 2005: approximately 900 billion yen
(consolidated basis)
4. Automotive Electronics Business "Panasonic Automotive Systems See ITS, embedded system, drive-by-wire, adaptive cruise control, collision avoidance system, autonomous vehicle, heads-up display, DSRC, lane departure system, CAN bus, FlexRay and SYNC. Company" (PAS) will be organized as a new internal divisional company of MEI by integrating MEI's Automotive Electronics Business Promotion Center and Corporate Automotive Electronics Marketing Division, AVC Company's automotive systems business, MCI's Automotive Multimedia Company and KME's car navigation See GPS. systems business. This new internal divisional company will unify development, production and sales of the car navigation and car AV equipment and systems, and also combine sales activities of the related devices that support environmental and energy conservation and security in the automotive field, to realize a single window to global customers. The automotive electronics business has excellent growth potential, with opportunities expanding as automobiles evolve into venues for multimedia equipment, and environmental and safety issues become more prevalent. In response to these trends, PAS will expand its business as a systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. of in-vehicle multimedia by strategically utilizing the broad technology base held by the Matsushita Group from AV to communications, including components and devices such as semiconductors and batteries.
(Summary)
1) Name of organization: Panasonic Automotive Systems Company
(tentative name)
2) Description of business: Development, manufacture and sale of
in-vehicle multimedia equipment and
related services and engineering, and
sale of components and devices in the
field of environment, energy and
security
3) Targeted annual sales for
the year ending
March 31, 2005: approximately 450 billion yen
(consolidated basis)
5. Systems Business "Panasonic System Solutions Company" (PSS See EPSS. ) will be organized as a new internal divisional company of MEI by integrating MEI's Corporate Systems Sales Division and Corporate Systems Solutions Division, the AVC Company's Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). Systems Division handling broadcasting station Noun 1. broadcasting station - a station equipped to broadcast radio or television programs broadcast station radio station - station for the production and transmission of AM or FM radio broadcasts systems, and MCI's System Solutions Company and its related divisions. This new MEI internal divisional company will be committed to systems solutions based on digital AV, communications and IT with full integrated responsibility for development, manufacturing and sales. By unifying IT and integration technologies of the entire Matsushita Group, PSS will concentrate its management resources on the development of businesses for the approaching broadband network era, including installation of social-infrastructure systems such as ITS, solutions for IT-intensive municipalities, media solutions for broadcasting companies Noun 1. broadcasting company - a company that manages tv or radio stations company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" and CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. operators, business solutions for government agencies and corporations, and content solutions such as e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. .
(Summary)
1) Name of organization: Panasonic System Solutions Company
(tentative name)
2) Description of business: System solution business, and
development, manufacture and sale of
the related products and services and
engineering
3) Targeted annual sales for
the year ending
March 31, 2005: approximately 500 billion yen
(consolidated basis)
6. Environmental Systems Business MS will change its trade name to "Matsushita Ecology ecology, study of the relationships of organisms to their physical environment and to one another. The study of an individual organism or a single species is termed autecology; the study of groups of organisms is called synecology. Systems Co., Ltd." (MESC MESC Michigan Employment Security Commission MESC Modular Equipment Standards Committee MESC Museum Educators of Southern California MESC Master of Environmental Science MESC Magnavox Electronic Systems Company MESC Middle East Student Conference ) upon combining MEI's sales divisions related to environmental systems. The Matsushita Group will develop a growing business corresponding to the needs of the era of coexistence co·ex·ist intr.v. co·ex·ist·ed, co·ex·ist·ing, co·ex·ists 1. To exist together, at the same time, or in the same place. 2. with the environment<129>@by establishing a "platform" business structure for environmental systems, with MESC as the core entity in this area. Building upon its established, unique ventilation ventilation, process of supplying fresh air to an enclosed space and removing from it air contaminated by odors, gases, or smoke. Proper ventilation requires also that there be a movement or circulation of the air within the space and that the temperature and and air circulation equipment business, MESC will expand its service operations in tie-up with Matsushita Environmental & Air-conditioning Engineering Co., Ltd., a company specializing in engineering. For the time being, MESC will work in close cooperation with each related business division within the Group, with focus on providing solutions mainly to corporations and government agencies in areas such as purification purification, in religion, the ceremonial removal of what the religion deems unclean. The usual agents of purification are water (as in baptism), bodily alteration (as in circumcision), and fire. of water, air and soil, waste processing and recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. , and energy saving and development.
(Summary)
1) Name of organization: Matsushita Ecology Systems Co., Ltd.
(tentative name)
2) Description of business: Development, manufacture and sale of
environmental equipment and systems,
and related services and engineering
3) Targeted annual sales for
the year ending
March 31, 2005: approximately 140 billion yen
(consolidated basis)
7. FA (Manufacturing Systems) Business By combining the FA Company, an internal divisional company of MEI, and the FA Division of KME, "Panasonic Factory Solutions Co., Ltd." (PFSC PFSC Pacific Fair Shopping Centre (Broadbeach, Queensland, Australia) ) will be newly established to unify the development, manufacturing and sales operations in this business area. Integration of circuitry manufacturing, parts mounting and related businesses through establishment of a new specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. company will enable agile management The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. that meets the characteristics of the manufacturing systems industry, which must operate in a rapidly changing and volatile market. The new company aims to become a leader in the industry by strengthening its development activities, differentiating itself from other companies by launching new modular components mounting machines into the market, and enhancing sales and customer satisfaction structure on a global basis.
(Summary)
1) Name of organization: Panasonic Factory Solutions Co., Ltd.
(tentative name)
2) Description of business: Development, manufacture and sale of
production systems such as circuit
manufacturing and parts mounting
equipment and systems, and related
services and engineering
3) Targeted annual sales for
the year ending
March 31, 2005: approximately 150 billion yen
(consolidated basis)
- Reference -
New Business Domains and Organizations of the Matsushita Group
New organizations as a result of restructuring
(a) Internal Divisional Companies of MEI
(Digital Networks)
----------------------------------------------------------------------
Panasonic AVC Networks Company(a) AVC Networks
----------------------------------------------------------------------
Panasonic Communications & Imaging Co.,
Ltd. Fixed-line Communications
----------------------------------------------------------------------
Panasonic Mobile Communications & Networks Co.,
Ltd. Mobile Communications
----------------------------------------------------------------------
Panasonic Automotive Systems Company(a) Automotive Electronics
----------------------------------------------------------------------
Panasonic System Solutions Company(a) Systems
----------------------------------------------------------------------
MEI GLOBAL & GROUP HEADQUARTERS
(Home Appliance/Environmental Systems)
----------------------------------------------------------------------
Home Appliance & Housing Electronics Company(a) Home Appliances,
----------------------------------------------------------------------
Air-Conditioner Company(a) Household
----------------------------------------------------------------------
Packaged Air-Conditioner Company(a) Equipment and
----------------------------------------------------------------------
Matsushita Refrigeration Company Health Systems
----------------------------------------------------------------------
----------------------------------------------------------------------
Lighting Company(a) Lighting
----------------------------------------------------------------------
Matsushita Ecology Systems Co., Ltd. Environmental Systems
----------------------------------------------------------------------
(Components & Devices/Manufacturing Systems)
----------------------------------------------------------------------
Semiconductor Company(a) Semiconductors
----------------------------------------------------------------------
Display Devices Company(a) Display Devices
----------------------------------------------------------------------
Matsushita Battery Industrial Co., Ltd. Batteries
----------------------------------------------------------------------
Matsushita Electronic Components Co., Ltd. Electronic Components
----------------------------------------------------------------------
Motor Company(a) Electric Motors
----------------------------------------------------------------------
----------------------------------------------------------------------
Panasonic Factory Solutions Co., Ltd. FA
----------------------------------------------------------------------
Matsushita Industrial Equipment Co., Ltd. Equipment
----------------------------------------------------------------------
(Services/Solutions)
----------------------------------------------------------------------
Corporate eNet Business Division Services and
----------------------------------------------------------------------
Companies operating in technical service,
lease/credit, logistics, etc. Solutions
----------------------------------------------------------------------
(Other)
----------------------------------------------------------------------
Matsushita Kotobuki Electronics Industries, Ltd.
----------------------------------------------------------------------
Victor Company of Japan, Ltd.
----------------------------------------------------------------------
Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release includes forward-looking statements (within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934) that reflect the Matsushita Group's plans and expectations in relation to the share exchange and restructuring schemes described above and the benefits resulting from them. To the extent that statements in this press release do not relate to historical or current facts, they constitute forward-looking statements. These forward-looking statements are based on the current assumptions and beliefs of Matsushita Electric Industrial Co., Ltd. (MEI) and the five group companies referred to above in light of the information currently available to them, and involve known and unknown risks, uncertainties, and other factors. Such risks, uncertainties, and other factors include, in particular, the factors set forth in "Risk Factors" of MEI's Registration Statement on Form F-4 dated March 20, 2002, which has been filed with the U.S. Securities and Exchange Commission. Such risks, uncertainties and other factors may cause the Matsushita Group's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. MEI and the five group companies undertake no obligation to publicly update any forward-looking statements after the date of this press release. With respect to the share exchange between Matsushita Electric Industrial Co., Ltd. (MEI) and Matsushita Communication Industrial Co., Ltd. (MCI) MEI has filed a registration statement with the Securities and Exchange Commission (SEC) under the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . MEI presently expects that the prospectus included therein will be distributed to holders of MCI common stock in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . U.S. investors are urged to read the prospectus because it will contain important information about MEI and MCI, and the proposed share exchange between the two companies. You may read, and copy (upon payment of fees prescribed pre·scribe v. pre·scribed, pre·scrib·ing, pre·scribes v.tr. 1. To set down as a rule or guide; enjoin. See Synonyms at dictate. 2. To order the use of (a medicine or other treatment). by the SEC) any documents filed by MEI, including the registration statement, at the SEC's public reference room, which is located at 450 Fifth Street, N.W., Washington D.C. 20549, telephone number: 1-800-732-0330. In addition, copies of the registration statement will be made available free of charge through MEI's Corporate Finance & IR Group in Japan, telephone number: 81-6-6906-1763. With respect to the share exchange between MEI and each of Kyushu Matsushita Electric Co., Ltd., Matsushita Seiko Co., Ltd., Matsushita Kotobuki Electronics Industries, Ltd. and Matsushita Graphic Communication Systems, Inc. The business combination referred to in this press release (Transaction) involves shares of common stock of a non-U.S. company. The Transaction is subject to disclosure requirements of a non-U.S. country that are different from those of the United States. Financial information included in this press release, if any, has been prepared in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with non-U.S. accounting standards that may not be comparable to the financial information of United States companies This is a list of companies from the United States:
: . It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer of the securities is located in a non-U.S. country, and some or all of its officers and directors may be residents of a non-U.S. country. You may not be able to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of the U.S. securities laws. It may be difficult to compel Compel - COMpute ParallEL a non-U.S. company and its affiliates to subject themselves to a U.S. court's judgment. |
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