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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (60789)	2/21/2002 1:51:13 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Matsushita Electric's Fuzzy Thinking Leaves Investors Scared By Keiko Kambara and Kyoko Suzuki quote.bloomberg.com Osaka, Japan, Feb. 21 (Bloomberg) -- Matsushita Electric Industrial Co. President Kunio Nakamura declared last month that a return to profit meant focusing on fewer main products. The problem was, the list included plasma displays, digital television sets, DVD recorders and mobile phones -- almost every product sold by the world's largest consumer-electronics maker under brand names like Panasonic, Technics and National. Investors aren't biting: Matsushita shares slid 16 percent since Nakamura's Jan. 10 comments. Many investors say a sprawling product range doesn't make sense in an industry dominated by Sony Corp. and overseas rivals in Korea, Taiwan and China that can make the same things for less. ``As long as Matsushita isn't capable of narrowing its list of products to those that will really help its chances of recovery, I can't be convinced,'' said Masafumi Fujiwara, who counts Matsushita among the 130 billion yen ($1 billion) he helps manage at Daiwa Asset Management Co. ``I simply don't know how the company will boost earnings.''