Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Nov 25 3:59 PM EST

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To: Jerome who wrote (285)	11/5/2001 11:19:49 AM
From: Proud_Infidel	Read Replies (1) of 25522

Digital camera makers to cut U.S. shipments By Reuters November 4, 2001, 7:55 p.m. PT TOKYO--Fuji Photo, Nikon and other Japanese digital camera makers plan to reduce U.S.-bound Christmas shipments because of expected sluggish demand, according to a report Monday. Fuji Photo plans to cut domestic and overseas shipments to 2.5 million units from 2.7 million in the October-March second half, with all cuts to be in shipments to the U.S. market, the Nihon Keizai Shimbun said. The company last week trimmed its outlook for the year ending next March on worries the September attacks in the United States would hurt sales. Nikon plans to shift shipments of about 40,000 digital cameras to Europe from the United States in an attempt to maintain the current output rate, the paper said. Nikon also plans to cut U.S. retail prices by an average $50 on a $500 camera, with others likely to follow suit, it said. No one at Fuji Photo or Nikon could be reached for immediate comment. Olympus Optical also plans to reduce its shipments to the United States, with total shipments expected to fall to around 3 million units from a previous estimate of 3.7 million units, the newspaper said. Canon plans to reduce shipments to 2.5 million units from 3.0 million units, the financial daily said.

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