Japan’s NEC in talks to sell mobile phone unit to Lenovo: source

TOKYO (Reuters) – Japan's NEC Corp is in talks to sell its struggling mobile phone unit to its non-public pc venture accomplice Lenovo Staff Ltd, a supply aware of the discussions stated, confirming media experiences of the negotiations. NEC is also in talks with possible domestic patrons, the source mentioned on condition that he wasn't recognized. NEC has unless now stated its mobile industry is a very powerful part of its total operations. However after two years of losses the corporate is shedding assets to bolster profitability. …