NEC signals significant retreat

Stephen Withers
Thursday, 15 January 2009 10:45

IT Industry - Strategy

NEC Australia blames rapidly changing retail conditions and the weaker Australian dollar.

The company's IT and communications activities include carrier networks, managed voice and data networks for business and government customers, and desktop and notebook computers.

The company will also continue to sell its digital signage and business projector products.

"This move forms part of our strategic evolution towards redefining NEC Australia as a business services company," said managing director Wataru Takeuchi.

"As such, a decision has been made to withdraw our retail products in order to focus our resources and energy on our key strengths which are our business offerings and our Research and Development capabilities."

NEC's Mulgrave (Melbourne) R&D centre employs around 400 people working on broadband access equipment, mobile handsets, applications, and other projects.

NEC Australia is a wholly-owned subsidiary of NEC Corporation.