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Technology Stocks : Sumitomo Electric - OTC - SMTOY -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (1)	3/12/2000 10:10:00 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 4

February 28, 2000 -------------------------------------------------------------------------------- Japan Hot Stk:Sumitomo Elec +5.3%;White LED Output Report Dow Jones Newswires TOKYO -- Shares of Japan's Sumitomo Electric Industries Ltd. (J.SUE or 5802) are sharply higher Tuesday morning, after reports that the company will begin to mass-produce white light-emitting diodes (LEDs) this fall. At 0101 GMT (8:01 p.m. EST Monday) on the Tokyo Stock Exchange, Sumitomo Electric shares were up Y75, or 5.3%, at Y1,485, with 1.07 million shares traded, up from Monday's 1.02 million. In the first year, the company plans to produce 5 million units each month and targets Y2 billion in first-year sales, as it anticipates a large increase in demand for the white LEDs for use in mobile phone displays, the reports said.