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 325.54

+7.8%

11:46 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (62397)	3/28/2002 12:16:36 AM
From: StanX Long	Read Replies (1) of 70976

DoCoMo to Write Down Overseas Investments By Half (Update1) By Keiko Kambara, Kae Inoue and Ryoko Imaizumi 03/27 22:28 quote.bloomberg.com Tokyo, March 28 (Bloomberg) -- NTT DoCoMo Inc., the world's largest mobile-phone company, will write down the value of its investments outside Japan by almost half and post its first loss since selling shares to the public four years ago, the Nihon Keizai newspaper said, without citing sources. In the fiscal year ending Sunday, the company will take 1 trillion yen ($7.54 billion) in charges to account for a decline in the value of overseas investments such as AT&T Wireless Services Inc. and Hutchison 3G UK Holdings Ltd., the paper said. The result will be a group loss of about 100 billion yen, DoCoMo's first loss since listing shares in 1998, the paper said. DoCoMo joins a string of companies globally who are rethinking the earnings potential of purchases made in 1999 and 2000. DoCoMo's shares have declined by about 60 percent from a February 2000 high as the company tried to convince investors its 1.9 trillion yen in overseas investments would boost earnings.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next