NEC sells European home PC business

23 Oct, 2006

NEC Corp said on October 16 that it has sold its European personal computer operations, pulling out of the consumer PC market there. NEC, Japan's third-largest electronics conglomerate, said it sold its holdings in Packard Bell BV to Lap Shun Hui, former co-founder of eMachines, a maker of low-cost PCs that has since been bought by Gateway Inc.

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