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Politics : Formerly About Applied Materials

AMAT 256.41

+1.1%

Dec 19 9:30 AM EST

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To: StanX Long who wrote (59923)	2/4/2002 12:35:28 AM
From: StanX Long	Read Replies (2) of 70976

NEC at 39 - Month Low Among Fragile High - Techs By REUTERS February 3, 2002, Filed at 9:34 p.m. ET nytimes.com TOKYO (Reuters) - Shares in NEC Corp (news/quote) hit a 39-month low on Monday, falling along with other Japanese high-tech stocks after an avalanche of profit warnings for this business year spooked investors. NEC shares fell as low as 897 yen, slipping below a post-attack low of 900 yen marked on October 2 last year to their lowest point since October 1998. Japan's biggest PC supplier and second-largest chipmaker last Thursday doubled its forecast for group net losses to 300 billion yen ($2.25 billion) for the year to March as a year-long info-tech slump further eroded its earnings from personal computers and telecommunications hardware. ``There has been disappointing sentiment spread across the high-tech sector,'' said Masahiro Ono, an analyst at UBS Warburg.

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