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.

Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Smooth Drive who wrote (5152)	2/24/2002 8:59:28 PM
From: plugger301	Read Replies (2) \| Respond to of 5893

Hi all, might want to keep an eye out on the tel equip issues. Kyocera Corp. said Friday that it has sharply revised down its earnings forecast for fiscal 2001 ending March 31 due to slack mobile phone sales as well as appraisal losses on its stockholdings. The Kyoto-based ceramics maker said its group net profits are likely to come to 27.5 billion yen, down 87.5 percent from the preceding fiscal year, compared with the 38.5 billion yen it forecast Nov. 8. Demand for mobile phones in the United States has been weak since the beginning of the year, and sales prices of electronics components have fallen further, the company said. In addition, the company expects appraisal losses of 5 billion yen from its stockholdings. Consolidated sales are projected at 1.025 trillion yen, down 20.2 percent from the preceding year. The company had earlier forecast sales of 1.05 trillion yen. Group pretax profits have been revised to 50 billion yen, down 87.5 percent from the year before, compared with its earlier forecast of 70.5 billion yen. The Japan Times: Feb. 23, 2002 (