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March 18, 1987

NEC, HONEYWELL AND BULL ON TARGET TO CREATE JOINT US COMPANY

By CBR Staff Writer

NEC Corp yesterday announced that it, Honeywell and Bull were on target for creation of the joint US company to be created out of Honeywell Information Systems in which Bull and Honeywell will have 42.5% each and NEC 15%, by the end of this month, the deadline set at the time of the preliminary agreement towards the end of last year; NEC Information Systems and the Honeywell-NEC company selling NEC supercomputers in the US will remain separate entities outside the new tripartite joint venture company.

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