Japan's NEC cuts outlook; chips, networks weak

Oct 29th, 2009 - Reuters

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* Cuts oper outlook 40 pct, says bracing for severe Q4

* Oper profit down 75 pct, tumbles to net loss in Q2

* Hitachi Q2 oper profit down 78 pct, net loss widens

* Both say no immediate need to raise capital

(Adds executive comment, background, Hitachi results)

TOKYO, Oct 29 (Reuters) - NEC Corp (6701.T), Japan's biggestPC maker, cut its full-year operating profit outlook by 40percent on deepening losses on its microchip unit and sluggishsales of its network systems.

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