More capital spending. Things could not be any busier for the equipment sector. If at any time in their history, equipment manufacturers were making money, this is it!
Jeff...
biz.yahoo.com
TOKYO, March 21 (Reuters) - Toshiba Corp plans group capital investment of more than one trillion yen during the next three
business years starting in April 2000 for new facilities and equity participation in venture firms, a Japanese newspaper reported.
The Nihon Keizai Shimbun financial daily reported on Sunday that the spending, outlined in a mid-term business plan, would focus
on semiconductors, liquid crystal displays, information technology fields and Internet-related businesses.
A Toshiba spokeswoman said the company could not comment on the capital spending report at this time.
Toshiba will hold a news conference at 2:00 p.m. (0500 GMT) about its mid-term business plan, she said.
Last Friday, Toshiba said it would reduce its parent workforce to less than 50,000 from the current 57,300 but leave its group-based work-force numbers at the
current 192,000.
At 0050 GMT, Toshiba's shares were up 48 yen or 5.29 percent at 955 yen. |
