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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 459.87

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Jan 16 3:59 PM EST

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To: Susan G who wrote (12801)	2/24/2002 9:02:54 PM
From: plugger301	Read Replies (1) of 26752

FWIW- tel equip. I think they are all joined at the hip so... JMO Kyocera Corp. said Friday that it has sharply revised down its earnings forecast for fiscal 2001 ending March 31 due to slack mobile phone sales as well as appraisal losses on its stockholdings. The Kyoto-based ceramics maker said its group net profits are likely to come to 27.5 billion yen, down 87.5 percent from the preceding fiscal year, compared with the 38.5 billion yen it forecast Nov. 8. Demand for mobile phones in the United States has been weak since the beginning of the year, and sales prices of electronics components have fallen further, the company said. In addition, the company expects appraisal losses of 5 billion yen from its stockholdings. Consolidated sales are projected at 1.025 trillion yen, down 20.2 percent from the preceding year. The company had earlier forecast sales of 1.05 trillion yen. Group pretax profits have been revised to 50 billion yen, down 87.5 percent from the year before, compared with its earlier forecast of 70.5 billion yen. The Japan Times: Feb. 23, 2002 (

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