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Technology Stocks : Semi Equipment Analysis

SOXX 296.74

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Nov 28 4:00 PM EST

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To: Donald Wennerstrom who wrote (5522)	9/21/2002 9:08:36 PM
From: Donald Wennerstrom	Read Replies (1) of 95487

I happened to run into a little positive news and I was so surprised, I thought I would post it. Any emphasis is mine. <<By Jack Robertson EBN (09/20/02 12:37 p.m. EST) NEC Corp. on Friday said instead of an earlier forecast of a $122 million loss in the six months ending Sept. 30, the firm will make a slim $8 million net profit. For the full fiscal year ending next March 31, NEC is sticking with its original projection of $81 million net income. The Japanese electronics giant lowered its six months sales estimate to $17.8 billion from an original forecast of $18.1 billion. For the fiscal year ending next March 31, the firm cut is sales projection from $41.5 billion to $39.4 billion. NEC in a statement said the slow Japanese market for PCs, mobile handsets and servers caused the lower sales estimates. However, the company said semiconductor sales are expected to be better than originally forecast. Despite the reduced sales, net income held up, due to the company's aggressive restructuring measures to cut costs, NEC said.>>

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