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To: Proud_Infidel who wrote (1129)	10/28/2000 8:00:36 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 1929

Toshiba, Sanyo Get Boost From Japanese Recovery The Associated Press TOKYO (October 27, 2000 9:05 a.m. EDT nandotimes.com) - Toshiba Corp. was profitable in the first half of the fiscal year after a loss in 1999 and Sanyo Electric Co.'s profit quadrupled as Japan's economic recovery boosted sales for the electronics makers. Toshiba said Friday it earned 53.90 billion yen ($497 million) in the April-September period after a loss of 48.46 billion yen in the first half last year. It cited strong demand for semiconductors, personal computer equipment, mobile phones and liquid crystal products. Sales climbed 7.8 percent to 2.83 trillion yen ($26 billion) from 2.62 trillion yen a year earlier. Toshiba said the positive trend is expected to continue in Japan, where capital investment in technology is growing. But it expected bad news overseas because of rising oil prices and the decline of the euro. For the fiscal year ending March 2001, Toshiba predicts earnings of 137 billion yen ($1.3 billion) and sales of 6.22 trillion yen ($57.4 billion). Sanyo Electric said its profit for the first half climbed to 20.25 billion yen ($186.8 million), up from 3.61 billion yen in the previous year. Sales climbed 10 percent to 1.06 trillion yen ($9.8 billion) from 959 billion yen a year ago on strong demand for information and technology-related equipment. Sales of audio visual products, digital cameras and semiconductors were also good, with sales growing both at home and overseas, Sanyo said. For the fiscal year, Sanyo forecast a profit of 40 billion yen ($369 million) on sale of 2.13 trillion yen ($20 billion).