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Technology Stocks : SANYO Electric Co., Ltd.

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To: kinkblot who wrote (2)	1/14/2004 11:11:23 PM
From: kinkblot	Read Replies (1) of 8

Sanyo Eyes Growth in Digicam Sales [Sanyo President Yukinori Kuwano at news conference today in Osaka] reuters.com The company is already the world's biggest producer of digital cameras, supplying more than 90 percent of its digital camera output to other makers such as Olympus Corp on an original equipment manufacturer (OEM) basis. But Sanyo is hoping to use its strength in key electronic components to secure an even bigger share of the booming digital camera market, which globally was worth about $10 billion last year. Sanyo is a major producer of CCDs. Sanyo has set the following sales targets: digital cameras: Y300 billion FY05, up from Y200 billion FY03 cellphone handsets: Y500 billion FY05, up from Y345 billion FY03 FY03 ends March 2004. A goal was also set for the automotive multimedia business (audio and navigation systems), but further out: Y100 billion in FY07.

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