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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (3069)	6/11/2002 3:29:47 PM
From: Crossy	Respond to of 3902

Borb, I don't want to register with the NYT. In case you mean the modified WiFi / WLAN Equipment (I'm sure you do from the date of the article) then you are right on target. I identified 3 US based investment opportunities more or less speculative in the WLAN sector: PROX, MRM and MLIN. You are right on target with your view. I would add that this might rob 3G wireless of the "data" appeal eventually cancelling all implicit premium in the price of 3G spectrum licenses over PCS/2G approaches. You should know that 2G + WLAN > 3G in terms of power and performance as 10-50 Mbit tops the 1Mbit offered by UMTS/IMT/3G but it is way cheaper to deploy. Ultimately ILECs and their local loop monopoly will be equally challenged by WLAN. Finally a tool to open this can of worms called last mile.. BTW - I'm happy that I shifted a great proportion of my funds into japanese equities, believe me... They are holding up even pacing ahead while the US is in the crapper literally despite good macroeconomic indicators.. rgdrs CROSSY

To: borb who wrote (3069)	6/11/2002 3:39:02 PM
From: Crossy	Respond to of 3902

re: New Pick 6591.J ... Nishishiba Electric ... 160 Yen this is a member of the Toshiba group of companies that stayed profitable even in the downturn. Price/Sales 0.23, Price/Book 0.75. Stock trading on the 2nd Tokyo market. Company is unexpectantly earned 83 Yen this year (surprise of 1200%). Next year's projection was raised from breakeven to 6 Yen EPS - however a good macroeconomic climate of recovery could materially lift its performance, like in FY2002. If economic recovery continues it could be a major beneficiary of an improved outlook, like this year... Detailed description: Nishishiba Electric Co., Ltd.. The company is principally a manufacturer of heavy electrical apparatus including generators, emergency power generating systems, co-generation systems, electrical control systems and electrical apparatus and equipment for marine vessels and offshore use. Generators, generating systems and co-generation systems accounted for 43% of fiscal 2001 revenues; electrical apparatus and equipment for marine vessels and offshore use including AC (alternating current) generators, induction motors and ventilators, 30%; electrical control systems including automatic control systems, power electronics applied systems and power distribution/control systems, 15% and other electrical equipment including semiconductor manufacturing systems, air compressors and ray cleaning systems, 12%. best rgrds CROSSY

To: borb who wrote (3069)	6/12/2002 7:03:09 PM
From: Crossy	Read Replies (1) \| Respond to of 3902

Borb - Japan Update VERY FAVOURABLE DEVELOPMENTS in 2 of my stocks happened.. New Japan Radio NJR - Ticker 6911.J - 865 Yen Price/Sales .. 0.67, Price/Book .. 1.70, EPS 2002 .. 17 Yen (FY2002 ending March 31st), guidance EPS 2003 .. 54 Yen (raised from 28 Yen), guidance EPS 2004 .. 69 yen. Valuation PSR is very low, forward PE 2003 is 16. Not high for a major analog semi (compare it to FCS and NSM) Another STRONG BUY coverage initiation today. Now we got 5 brokerages with a "STRONG BUY" and one with a "BUY" rating biz.yahoo.co.jp This maker of linear, mixed signal and microwave ICs, including compound semiconductos and power semi capabilities seems to be a major beneficiary of the current CE equipment boom. NJR is the global leader in opAmps. njr.co.jp Shimadzu Corp - Ticker 7701.J - 372 Yen Valuation : right now at PSR 0.48, GM 32.5%, Price/Book 1.12 - this is very low for such a profitable high tech operation.. biz.yahoo.co.jp The company completed a tough restructuring according to its midterm management plan this year, where restructuring induced losses plus softness in Aerospace after September 11th amounted to 30 Yen/share. At the same time, the forecast for FY2003 was raised from breakeven to a profit of 8 Yen and for FY2004 to 14 Yen. Today the 2 covering brokers each raised its rating on Shimadzu a notch: one now is ranking the firm as BUY the other one as HOLD. That'S up materially from the SELL/HOLD we had before.. Shimadzu is one of the biggest global players in analytical instruments, spectrometers, medical equipment, lab equipment for biotech, defence and scientific industry. It also has a key division manufacturing semiconductor equipment. shimadzu is renowned for its laser capabilities. Yet another division is adressing the needs of aerospace and defence precision engineered market with precision engineering parts. The firm also makes T&M equipment for semiconductor fabs (metrology), CT scan equipment, proteomic analyzers, gene squencers, HPLC Analysers, LCD equipment, Scanning tunnel microscopes, chormatography equipment, Industrial LAsers etc.. best rgrds CROSSY