Author: JT Smith
From PR Newswire: SGI (NYSE: SGI) announced
today that it has reached definitive agreement with NEC Corporation to create
a strategic alliance that is expected to strengthen SGI’s presence in the
Japanese market. Under the alliance NEC, one of Japan’s premier suppliers of
information technology products, will acquire from SGI an interest in SGI
Japan, Ltd., the subsidiary that supplies SGI equipment, services and
solutions in Japan. SGI Japan will be converted from a wholly-owned SGI
subsidiary to a company jointly owned by SGI, NEC and NEC’s publicly-held
affiliate, NEC Soft, Ltd. The name of the business will remain SGI Japan.
today that it has reached definitive agreement with NEC Corporation to create
a strategic alliance that is expected to strengthen SGI’s presence in the
Japanese market. Under the alliance NEC, one of Japan’s premier suppliers of
information technology products, will acquire from SGI an interest in SGI
Japan, Ltd., the subsidiary that supplies SGI equipment, services and
solutions in Japan. SGI Japan will be converted from a wholly-owned SGI
subsidiary to a company jointly owned by SGI, NEC and NEC’s publicly-held
affiliate, NEC Soft, Ltd. The name of the business will remain SGI Japan.
