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January 8, 1987

GROUPE BULL TO KEEP JOINT VENTURE WITH HONEYWELL AND NEC SEPARATE FROM EXISTING US HOLDINGS

By CBR Staff Writer

Although Groupe Bull is expected to be named the managing partner of its joint venture with Honeywell and NEC, the French firm plans to keep its involvement in that operation separate from its existing US holdings, which include Microcard Technologies, Dallas, Texas; Bull Peripherals, Sunnyvale, California, and Bull Micral of America, based in Minneapolis, Minnesota; while the deal has not yet been finalised, Honeywell is expected eventually to sell all but 19.1% of its interest in the unnamed venture to Bull, giving it 65.1% control; NEC will start out with a 15% interest.

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