NEC talks on Lenovo mobile phone venture stalled: source

A logo of NEC Corp. is seen at Wireless Japan 2012 in TokyoTOKYO (Reuters) – Japanese electronics company NEC Corp's talks with Lenovo Group Ltd over a mobile phone venture have stalled due to disagreements over majority ownership and patents, a source familiar with the matter said on Wednesday. The Nikkei business newspaper reported that NEC planned to exit its loss-making smartphone business after a mobile phone deal with Lenovo, already a partner in the personal computer business, failed to materialize. …

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