Reuters: Technology News: Lenovo shares slump more than 8 percent after Japan's NEC exits

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Lenovo shares slump more than 8 percent after Japan's NEC exits Sep 5th 2012, 05:28 Roderick Lappin, vice president of Lenovo Group and executive chairman of Lenovo NEC Holdings poses in front of a screen where his name and the company's logo are projected, prior to his interview in Tokyo September 5, 2012. Shares of PC maker Lenovo Group Ltd dropped as much as 8.1 percent on Wednesday after Japan's cash-strapped NEC Corp sold its entire stake in the company in a deal worth 18 billion yen ($229.62 million). ''In reality, NEC could sell those shares after two years anyway as per contract. All we have done is to let them do it 10 months earlier. This has no bearing on our joint venture,'' said Lappin. Credit: Reuters/Kim Kyung-Hoon

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