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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (169)	10/30/2001 6:08:24 PM
From: Proud_Infidel	Respond to of 25522

Hitachi forecasts $1.9 billion loss this fiscal year EBN (10/30/01 16:41 p.m. EST) Hitachi Ltd. Tuesday reported a net loss of $929 million (110.5 billion yen) for the first half ended Sept. 30, compared with a $501 million net profit for the same period a year ago. The company forecast that its net loss for the full fiscal year ending next March 31 will be $1.9 billion. Sales for the half totaled $33.09 billion, down 2% from the year-ago period. Hitachi predicted full fiscal year sales would reach $66.39 billion. In a breakdown by business segments, the electron devices group had an operating loss of $613 million in the half, compared with an operating profit of $745 million for the first fiscal half of 2000. Electron devices sales totaled $6.43 billion for the half, down from $8.5 billion for the same period a year ago. Information and Telecommunications group had an operating profit of $123 million, up from $103 million for the same period a year ago. Sales for the half were $7.34 billion, up from $7 billion for the year-ago half. Digital Media and consumer had operating loss of $51 million, compared with an operating profit of $3 million for the first half of 2000. Sales were $4.89 billion, up from $4.27 billion a year ago.