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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]

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To: pat mudge who wrote (2475)	8/1/2000 5:34:48 PM
From: Wyätt Gwyön	Read Replies (2) of 3951

Fruits of PIRI sale... Tuesday August 1, 3:43 am Eastern Time Mitsubishi sees Y27 bln profit on SDL share sale TOKYO, Aug 1 (Reuters) - Major Japanese trade house Mitsubishi Corp said on Tuesday it expects to post a 27 billion yen profit from the sale of shares in U.S.-based SDL Inc (NasdaqNM:SDLI - news), which it aims to invest in strategically key sectors. The profit is likely to result in an upward revision in the company's forecast of a parent net profit of 40 billion yen for the business year to next March, it said, although it had not yet recalculated the figures. Mitsubishi said it received the SDL shares through an equity swap that accompanied the sale of shares in U.S. fibre-optic communications firm Photonic Integration Research Inc to SDL in May. Tuesday's news came after the stock market closed. Mitsubishi shares ended 3.41 percent higher at 850 yen.

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