UPDATE 1-Japan's NEC cuts outlook; chips, networks weak


* 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 , Japan's biggest PC maker, cut its full-year operating profit outlook by 40 percent on deepening losses on its microchip unit and sluggish sales of its network systems. NEC, which has ...

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