UPDATE 3-NEC plans $1.5 bln share sale after losses

* Money to help NEC restructure, shift to cloud computing

* Issue to boost outstanding shares by 28 pct

* Restores capital eroded by semiconductor losses

* Not enough to put NEC on growth path -analyst

* NEC shares jump 10 pct vs Nikkei's 0.7 pct gain (Adds analyst comment, details)

By Mayumi Negishi

TOKYO, Nov 6 (Reuters) - NEC Corp (6701.T: Quote, Profile, Research), Japan's biggest PC maker, plans to raise 133.9 billion yen ($1.5 billion) via a share issue to help restore its battered capital base as it scrambles to cut costs in search of growth.

News of the capital raising, tipped by sources on Thursday, sent the firm's shares -- which have shed 60 percent over the last five months -- up 10.5 percent on Friday. [ID:nT210122]

NEC, which cut its full-year operating profit outlook by 40 percent last week, is desperate to shore up its capital, weakened by losses at semiconductor unit NEC Electronics (6723.T: Quote, Profile, Research) and sluggish sales of network systems. [ID:nT9578]