NEC to Merge Visual Display Businesses; Through Streamlined Operations, Market Efficiencies, NEC Display Solutions, Ltd. Aims to Become the No.1 Display Solutions Provider Worldwide.Tokyo, Japan, Jan 26, 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) - 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), one of the worlds's leading providers of internet, broadband network and enterprise business solutions, NEC Viewtechnology, Ltd. and NEC Display Solutions, Ltd. today agreed to merge the projector business of NEC Viewtechnology and the display monitor business of NEC Display Solutions, effective as of April 1, 2007. NEC Display Solutions will be integrated into NEC Viewtechnology, which will change its name to NEC Display Solutions, Ltd. Yoshiaki Tsuda has been named as the President of the new company. After integration, the overseas subsidiaries of the new company, NEC Display Solutions Europe GmbH., in close collaboration with European sales companies of NEC, and NEC Display Solutions of America, Inc., will lead the visual display products (projectors, LCD monitors A flat panel display that uses liquid crystals. Although laptops have used LCDs as their flat panel technology almost exclusively, LCD is also the most popular for flat panel desktop monitors. Toward the end of 2003, sales of LCD displays for desktops overtook CRTs for the first time. and PDP (1) (Plasma Display Panel) See plasma display. (2) (Policy Decision Point) See COPS and XACML. (3) (Programmed Data P monitors) and solutions businesses in Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. respectively. Since its establishment in January, 2000, NEC Viewtechnology has brought an award-winning, technologically advanced 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 projectors to a broad range of customers in the digital cinema and mobile arenas. In that time, it has also achieved a strong global presence, with overseas sales of approximately 90%. In 2006, NEC Viewtechnology emerged as the no.2 worldwide leader in the business projector market[1]. "The merger of these two NEC visual display businesses is expected to not only increase operational efficiencies, but also to create a number of added benefits for our customers, including the provision of new and more innovative solutions, unmatched worldwide. We are committed to growing and expanding along with our customers." said Takashi Ogawa, President of NEC Viewtechnology. NEC Display Solutions, established in January, 2000, currently delivers high-quality large-screen monitors for public information and public display, award-winning desktop displays, and dynamic digital signage Digital signage is the generic name for any electronic signage from monocolor LED to full video screen. Dynamic Digital Signage is the generic name for digital signage that works dynamically with a server/client infrastructure that enables the user to schedule any possibility from solutions to its diverse range of business and consumer customers. Through its own development, manufacturing and sales functions, NEC Display Solutions has achieved strong, global supply chain management, which has propelled it to the no.1 position in the stand-alone corporate LCD monitor market in the U.S. for CY2005[2] and the no.3 position in the stand-alone corporate LCD monitor market in Europe for FY2005[3]. Currently, 90% of its sales originate outside of Japan. "Integrating the strong technological competence of NEC Viewtechnology and NEC Display Solutions will enable us to offer an unbeatable lineup of products and solutions," said Yoshiaki Tsuda, President of NEC Display Solutions. "Our merged strengths will undoubtedly empower more accurate and flexible response to increasingly diverse and sophisticated customer needs, positioning us as the no.1 trusted company to deliver by far the best visual products and solutions in the market." NEC Viewtechnology and NEC Display Solutions have expanded their businesses leveraging strong, global supply chain management and market-leading technologies. The new NEC Display Solutions, Ltd. will combine the management resources of both companies to strengthen the development, manufacturing and sales of NEC's visual display equipment business. A stronger, more streamlined structure will ensure faster response to diversified market needs, allowing NEC Display Solutions, Ltd. to provide its customers with premium visual display products and solutions. The strategic move is expected to accelerate NEC's global market growth, putting it in an optimal position to become the no.1 provider of display solutions worldwide. NEC will continue to promote enhanced collaboration among its solutions businesses within the NEC Group, toward the provision of a broad range of optimal, high quality visual products and solutions to all of its customers worldwide. For more information, please visit http://www.nec.co.jp/press/en/0701/2603.html . [1] According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. NEC Viewtechnology, Ltd. analysis based on data from Pacific Media Associates, Decision Tree Consulting, and Fuji Chimera Research Institute for the second quarter of FY2006 (July - September, 2006). [2] According to NPD Group The NPD Group, Inc. is a leading global market research company[1] founded in 1967 and provides consumer and retail information to manufacturers and retailers. Using actual sales data from retailers and distributors as well as consumer-reported purchasing behavior, NPD , Inc. [3] According to NEC Display Solutions Europe GmbH analysis based on research data from Meko Ltd., for FY2005 (April, 2005 - March, 2006). About NEC Viewtechnology, Ltd. NEC Viewtechnology, Ltd. delivers an award-winning, technologically advanced lineup of projectors to a broad range of customers in the digital cinema and mobile arenas worldwide. For additional information, please visit the NEC Viewtechnology home page at: http://www.nec-pj.com/ About NEC Display Solutions, Ltd. Established in 2000, NEC Display Solutions, Ltd. carries out NEC's brand display business, development, manufacturing, and customer services for LCD (Liquid Crystal Display) A display technology that uses rod-shaped molecules (liquid crystals) that flow like liquid and bend light. Unenergized, the crystals direct light through two polarizing filters, allowing a natural background color to show. display monitors, and provides CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. display monitors and their associated products In the context of fuels and lubricants, a petroleum or chemical product used as a hydraulic fluid, corrosion preventive, liquid propellant, or specialized product, required for the operation, maintenance, or storage of military equipment. to the worldwide market. Highly recognized for its high quality, durability, reliability, strong support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , and on-time delivery by its global corporate customers, it recorded consolidated sales of 117 billion yen in the fiscal year ended March 31, 2006. For more information, please visit the NEC Display Solutions home page at: http://www.nec-display.com/global/index.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 network and enterprise business solutions dedicated to meeting the specialized 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 and had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of approximately 4,825 billion yen (approx. $41.2 billion) in the fiscal year ended March 2006. For additional information, please visit the NEC home page at: http://www.nec.com or the newsroom at: http://www.nec.co.jp/press/en/ Source: NEC Corporation Contact: In Japan Diane Foley d-foley@ax.jp.nec.com +81-3-3798-6511 NEC Display Solutions, Ltd. press@necds.nec.co.jp Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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