(Reuters) - President Kaoru Yano also said that NEC, which is under
pressure from shareholders to lower its stake in NEC Electronics
Corp. , will keep its 70 percent stake in the unit, even
after the chipmaker said the stake could lead to a delisting.
"We have told that we are not satisfied
with their targets of 800 billion yen in sales
and 5 percent operating profit margin in 2009," Yano told a news
conference. "As a shareholder, we hope for higher targets to
help raise NEC's profitability."
Read more at Reuters.com Market News
pressure from shareholders to lower its stake in NEC Electronics
Corp. , will keep its 70 percent stake in the unit, even
after the chipmaker said the stake could lead to a delisting.
"We have told that we are not satisfied
with their targets of 800 billion yen in sales
and 5 percent operating profit margin in 2009," Yano told a news
conference. "As a shareholder, we hope for higher targets to
help raise NEC's profitability."
Read more at Reuters.com Market News
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