NEC To Delist On European Exchanges - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

NEC To Delist On European Exchanges

Japan’s NEC said it will make the move because such delisting would not affect its shareholders and investors and trading volume of its shares on these stock exchanges is "small."

SAN JOSE, Calif. — Troubled NEC Corp. on Thursday (Dec. 29) said that it plans to apply for delisting of its ordinary shares and depositary receipts from the London, Euronext Amsterdam, Frankfurt and Swiss stock exchanges.

Japan’s NEC said it has decided to “delist” its shares from those exchanges “because such delisting would not affect its shareholders and investors and trading volume of its shares on these stock exchanges is substantially small.”

NEC will begin applying to each stock exchange for delisting in January 2006.

The company will remain listed on the Tokyo Stock Exchange, the Osaka Securities Exchange, the Nagoya Stock Exchange, the Sapporo Securities Exchange, the Fukuoka Stock Exchange, and the Nasdaq National Market.

In October Kaoru Tosaka, president and chief executive of NEC Electronics, stepped down amid mounting losses for the semiconductor and electronics giant.

Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
The State of Chatbots: Pandemic Edition
Jessica Davis, Senior Editor, Enterprise Apps,  9/10/2020
Commentary
Deloitte on Cloud, the Edge, and Enterprise Expectations
Joao-Pierre S. Ruth, Senior Writer,  9/14/2020
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll