Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (94701)	2/27/2001 10:24:19 AM
From: slacker711	Respond to of 152472

I think it went the other way....Kyocera raised their profit outlook last week. Tuesday, February 20, 2001 Kyocera Raises Earnings Outlook On Higher Sales, Special Profit On DDI TOKYO (Dow Jones)--Kyocera Corp. (6971) said Tuesday it has lifted its group and parent earnings estimates for this fiscal year through March 31 due to higher-than-expected sales, a weaker yen, and a technical factor connected with affiliate DDI Corp.'s (9433) merger last October with two other telecom carriers. Kyocera said it now expects to post group sales of Y1.290 trillion and operating profit of Y213 billion for the current fiscal year. It had previously projected Y1.280 trillion in sales and Y205 billion operating profit. While each business sector has performed well, sales of fine ceramics used for optic communication in particular have grown more strongly than expected, Kyocera said. The company also lifted its group pretax profit outlook to Y400 billion from Y217 billion, and raised its group net profit estimate to Y215 billion from Y115 billion. These revisions were attributed to a technical rise in special profits from booking an increase in its holdings in DDI, which merged with KDD Corp. and IDO Corp. In the previous fiscal year ended March 2000, Kyocera posted group net profit of Y50.35 billion on sales of Y812.63 billion and pretax profit of Y97.47 billion. On a parent basis, Kyocera said it also expects to post higher sales, pretax profit and net profit of Y640 billion, Y108.40 billion and Y27 billion respectively. In the previous fiscal year, the company posted parent pretax profit of Y69.47 billion on sales of Y507.80 billion and net profit of Y39.30 billion.