Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 222.95

+2.5%

1:59 PM EST

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To: Jong Hyun Yoo who wrote (3566)	10/28/1999 11:20:00 AM
From: Proud_Infidel	Read Replies (2) of 5867

Hitachi, Mitsubishi report improved net income in first half Semiconductor Business News (10/28/99, 10:44:11 AM EDT) TOKYO -- Hitachi Ltd. and Mitsubishi Electric Corp. today reported higher net profits in the first half, ended Sept. 30 -- in sharp contrast to the spate of dismal first half earnings from other major Japanese electronic firms such as Toshiba Corp. and Fujitsu Ltd. (see Oct. 26 story ). Hitachi said first fiscal half profits totaled $38 million (8.4 billion yen), compared with a net loss of $1.1 billion for the same period a year ago. The Hitachi financial report was for the parent company only and didn't include subsidiaries in a consolidated report, which will be released later. The firm said its first-half sales were flat at $17.2 billion (1.82 trillion yen) compared with the year-ago period. Hitachi said it was increasing total capital spending to $1.3 billion in the fiscal year ending next March 31, 2000. A major share of the increase will go towards building a new flat-panel-display plant and to upgrade semiconductor fabs. Mitsubishi Electric said net income on a parent firm basis doubled to $46 million (4.8 billion yen) in the fiscal first half from $23 million for the same period a year earlier. Sales fell 9% to $11.3 billion (1.19 trillion yen) from the year ago period.

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