Sunday, May 20, 2007

UPDATE 1-NEC profit falls from audits, promises growth

(Reuters) - NEC, mired in an auditing mess, has suffered from shrinking
demand for its microprocessors, but it is aiming to cut costs and
develop new revenues from network system sales and consulting.




For the year to March 2007, the chips-to-computers company
earned an operating profit of 69.98 billion yen ,
compared with 72.53 billion yen a year earlier, as it delayed
posting sales of high-margin network systems.


Read more at Reuters.com Market News

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