NEC Establishes New Structure to Strengthen System Integration/Software Business and R&D for Accelerated Execution of Growth Strategy.Tokyo, Japan, Mar 22, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Effective April 1, 2007, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6701) will establish a new organization structure to strengthen its system integration and software business and research and development capabilities toward accelerated execution of its growth strategy. Outline of organization changes 1. Strengthening of system integration and software business To strengthen its system integration and software business, NEC is merging the NES NES Nintendo Entertainment System NES Not Elsewhere Specified (shipping) NES Nuclear Export Signal NES National Election Studies NES Nashville Electric Service NES National Evaluation Systems, Inc. Solutions Group Business Unit and NE Software Development Group Business Unit to form a Systems Integration and Software Development Group Business Unit. The new business unit covers 12 software-related consolidated subsidiaries, including NEC Soft NEC Soft, Ltd. (Japanese NECソフト株式会社 NEC Soft Kabushiki Gaisha) is a subsidiary of NEC Corp. It is headquartered in Koto-ku, Tokyo, Japan, and specialized in Information and Communication Technology systems building and , Ltd., NEC System Technologies, Ltd., and NEC Communication Systems, Ltd. With a total of 17,000 system engineers and software development technicians, the new unit will promote growth of system integration/services and software development businesses in the area of IT/networks, and embedded Inserted into. See embedded system. solutions businesses, including the area of semiconductors, through agile allocation of resources allocation of resources Apportionment of productive assets among different uses. The issue of resource allocation arises as societies seek to balance limited resources (capital, labour, land) against the various and often unlimited wants of their members. realized by integrated business operation. 2. Strengthening of research and development capabilities NEC will merge its Solutions Development Laboratories, which cultivates new business in the area of IT/network solutions, into its Central Research Laboratories, which develops advanced fundamental technologies. The structural change is aimed at accelerated creation of technological innovation vital to the rapid progress of current businesses and the creation of future business of the NEC Group. Through a unified structure, NEC expects to further strengthen the research and development capabilities of IT/network solutions and devices, from fundamental research to new business creation. NEC will drive its research and development in line with the individual attributes of the three groups that form the new Central Research Laboratories. They are: - Solution Platforms Research Group: research and development of service platforms, the foundation of solutions construction, and common platforms - IT/NW System Platforms Research Group: research and development of IT/network system platforms, hardware packaging, and intellectual property core technologies that are the foundation of IT and network system platforms and semiconductor devices - Materials and Process Research Group: research and development of new function/new concept devices and device process technologies For details of the new organization structure, effective April 1, 2007, please visit http://www.nec.co.jp/press/en/0703/2204-01.html . About NEC Corporation NEC Corporation (TSE: 6701; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NIPNY) is one of the world's leading providers of Internet, 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). network and enterprise business solutions dedicated to meeting the 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. needs of its diverse and global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide. For additional information, please visit the NEC home page at: http://www.nec.com or the Newsroom: http://www.nec.co.jp/press/en/ Source: NEC Corporation Contact: Diane Foley NEC Corporation d-foley@ax.jp.nec.com +81-3-3798-6511 Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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