After the close - the news continues...
Chartered Semi widens band of Q3 revenue drop - Reuters Securities - 2:26 am "Chartered said it widened the band for its third quarter revenue target to 15-20 percent lower than the second quarter from its original target of a 15 percent drop."
Hitachi to slash jobs, expects net loss - Reuters Securities - 2:24 am "Hitachi Ltd, Japan's largest electronics maker, said on Friday it would cut 14,700 jobs, or four percent of its global workforce, this year as it braces for a more than $1 billion loss brought on by the info-tech slump."
Sanyo cuts 2001/02 capital spending to Y122 bln - Reuters Securities - 1:44 am "Sanyo Electric Co , Japan's third-biggest consumer electronics maker, said on Friday it would cut its group capital spending in the year to next March to 122 billion yen ($1.02 billion) from a previous 150 billion yen. Sanyo, also an industry leader in rechargeable batteries and flat-panel displays, revised down its six-month parent net forecast to September to 5.00 billion yen from its previous estimate of 8.50 billion yen."
Hynix rescue package 'not enough'-creditor bank - Reuters Securities - 10:37 pm "A rescue worth more than five trillion won ($3.93 billion) for South Korea's troubled Hynix Semiconductor is insufficient, a top creditor said on Friday. The chief executive at state-run Hanvit Bank said lenders were working to save the world's third largest memory chip maker but needed a closer look at Hynix's future."
Casio revises down net profit by 79 pct - Reuters Securities - 10:35 pm "Casio Computer, a Japanese maker of electronics devices, said on Friday it ratcheted down its group net profit forecasts for the year to March by almost 80 percent to 1.5 billion yen ($12.57 million) from the company's May estimate of 7 billion yen."
Novellus sees Q3 shipments lower than forecast - Reuters Securities - 7:49 pm "Semiconductor equipment maker Novellus Systems Inc. (NasdaqNM:NVLS - news) Thursday warned that its third-quarter bookings and shipments would be on the low end of prior forecasts because of lower-than-expected demand for some products."
ADE to reduce workforce by 10 percent - Reuters Securities - 5:00 pm "ADE Corp. (NasdaqNM:ADEX - news), a maker of inspection systems for semiconductor makers, said on Thursday it is reducing its workforce by about 10 percent in response to continued weakness in the semiconductor capital equipment market."
Japan Ceramics Maker Slashing Jobs - AP Financial - 4:22 pm "Japan's Kyocera Corp. (NYSE:KYO - news) will cut 20 percent of its global work force, or 10,000 overseas employees, by the end of this year, the ceramics and electronics maker said Thursday. Kyocera declined to give the reduction numbers by region. A big portion of the staff cut is likely to come at its U.S.-based subsidiaries, such as money-losing mobile phone maker Kyocera Wireless Corp., which employs 2,000 people, and print-circuit-board drill maker Tycom Corp."
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AdvocateDevil |
