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NEC may 'sell, merge or close' Packard Bell

Threat follows price bloodbath

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NEC is threatening to pull the plug on Packard Bell, after its US subsidiary posted worse than expected losses in April and May. In an interview with Bloomberg News, NEC president Kouji , said: "If things don't work out in the end, there's nothing to do but get out." Nishigaki admitted his company will "sell, merge or close" PB, unless there is a turnaround. PB losses balloned in April and May, following aggressive price cutting. The PC vendor now has 3000 staff, compared with 6000 at its peak. More employees are set for the chop, in a new round of blood letting. ®

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