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.


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
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Augmented Analytics Drives Next Wave of AI, Machine Learning, BI
Jessica Davis, Senior Editor, Enterprise Apps,  3/19/2020
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Register for InformationWeek Newsletters
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
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