NEC, Panasonic Form ESTEEMO
NEC Corp., Panasonic, and Panasonic Mobile Communications Co. Ltd., a unit of Matsushita, have formed a new company, ESTEEMO Co. Ltd. for the manufacture of mobile handsets. ESTEEMO was established based on an agreement signed by the three companies on July 27, 2006, and will carry out the development of mobile handsets, including the development of a common software and hardware platform.