Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 301.88

-1.0%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (61055)	2/28/2002 12:43:52 AM
From: StanX Long	Read Replies (1) of 70976

Mitsubishi Electric Says Profit Will Lag Forecast (Update2) By Minoru Matsutani 02/28 00:11 quote.bloomberg.com Tokyo, Feb. 28 (Bloomberg) -- Mitsubishi Electric Corp.'s operating profit for the fiscal year will lag its estimate of 30 billion yen ($223 million) because Japan's third-largest mobile- phone maker sold fewer handsets and semiconductors. ``We won't meet our forecast,'' spokesman Koji Kawaharasaki said, responding to a Nihon Keizai newspaper story that said the company will post an operating loss. The company posted an operating profit of 195.3 billion yen last fiscal year. Mitsubishi Electric is losing share of the market for mobile phones after rival NEC Corp. increased sales by introducing popular foldable models. The company will probably report a group operating loss of 50 billion yen in the year ending March 31, the paper said, without citing sources. ``Mitsubishi should really identify key products that boost its earnings,'' said Sadaji Shibata, general manager at Daiwa Asset Management Co., which manages 1.5 trillion yen in Japanese equities, including Mitsubishi Electric shares. ``Industrial machinery, satellites and rockets may be good areas.''

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next