NEC is upping its stake in beleaguered Packard Bell to shore up falling market presence. Reports from Japan suggest NEC will inject a further $290 million, taking its stake in the PC manufacturer to just over $1 billion. NEC will hold around 52 per cent of Packard Bell, but about 30 per cent of those shares are non-voting. The two companies merged much of their PC manufacturing capabilities last year, but Packard Bell is performing poorly, and even in partnership with NEC, it is losing worldwide marketshare, our correspondent writes.
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