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Politics : Formerly About Applied Materials

AMAT 304.84

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Jan 13 3:59 PM EST

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To: StanX Long who wrote (56420)	11/28/2001 3:17:28 AM
From: StanX Long	Read Replies (1) of 70976

Holly Cow Batman, two billion is alot. Wednesday November 28, 2:33 PM Japan's Nippon Telegraph & Telephone Posts US$2.1 BLN H1 Net Loss sg.news.yahoo.com TOKYO, Nov 28 Asia Pulse - Japan's Nippon Telegraph and Telephone Group [NTT] (TSE:9432) has recorded a consolidated net loss for the first half of the financial year ended September 30 of 261.8 billion yen (US$2.1 billion). The group said its results were impacted by the deteriorating profit performances of fixed-line telecommunications businesses, which have been affected by intensified competition and reductions in charges. At the interim settlement, corporate values of overseas companies in which the NTT Group holds equity positions were reevaluated in light of the recent changes in the business environment, such as the ongoing "IT recession" and the slowdown in the U.S. economy. This led to a write-off of losses associated with Verio and KPN Mobile, the group said in a press statement. As a result, extraordinary losses amounting to 760.7 billion yen were registered (including 498 billion yen in losses related to Verio and 262.7 billion yen in losses related to KPN Mobile). ASIA PULSE ,

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