NEC posts April-June loss on weak telecom sales

NEC said Thursday it remained stuck in the red during its fiscal first quarter largely owing to weakness in its telecom division,

Another Japanese electronics firm bleeding red ink. How could the obvious changes to the world market have caught all of them so impossibly flat-footed? Hell, one trip to the U.S. five or ten years ago, and a visit to Best Buy or Walmart, would have shown them where things were going.

Jerseyboy, the Japanese are doing better than what their false economic and business articles and stats say. I have two friends, both well-connected multi-millionaires. Both have told me more than on one occasion that Japan is doing much better than the Japanese Government states.