Bull SA is looking for a speedy resolution of the problems attending its relationship with NEC Corp, the company’s president Francis Lorentz told the annual meeting yesterday. It is vital to Bull that it take 100% control of loss-making Bull HN Information Systems Inc, where NEC has 15%, so that it can bring the UK and Italy into the European arm of the company Bull HN lost $224m last year. Lorentz said that the company and the French government were in agreement on the outcome they wanted to the NEC negotiations, where it is essential that the technological links with the Japanese company are retained, while it ideally cedes all equity interest.
