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Technology Stocks : NIDEC Corporation (NJ)

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From: JakeStraw	7/27/2007 7:54:23 AM
	of 19

Nidec Announces Fiscal First Quarter 2007 Results biz.yahoo.com Friday July 27, 3:20 am ET KYOTO, Japan, July 27, 2007 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) announced today its financial results under U.S.GAAP for the period of April 1, 2007, to June 30, 2007. Following are the highlights: * Net Sales: Up 18.1% Y/Y (Record High) * Operating Income: Up 0.5% Y/Y * Income before Tax: Up 20.0% Y/Y * Net Income: Up 25.6% Y/Y * Record quarterly sales reflecting expanded scope of consolidation. All business segments except "Machinery" advanced Y/Y. * Operating Income up only slightly Y/Y due in part to continued revamp of newly acquired businesses. * Income before Tax and Net Income rose, reflecting weaker yen against the U.S. dollar. * Diluted EPS: 74.63 yen

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