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Technology Stocks : AFCO: Applied Film, Undiscovered Gem? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (188)	7/30/2002 7:34:38 PM
From: SemiBull	Respond to of 238

Then might I assume you are a buyer at $8-ish? Yes......though I am trying to use some TA guidance on timing. --------------------------- LCDs the bright spot as Hitachi posts profit By Semiconductor Business News URL: siliconstrategies.com TOKYO -- Hitachi, Ltd. achieved consolidated net sales for the first quarter of its financial year, which ended June 30, of $15.5 billion. This was 4% lower than the same period in the previous year, but Hitachi managed to post an operating income of about $114 million, reversing an operating loss of $91 million recorded in the previous year's first quarter. According to Hitachi the Japanese economy saw an upturn in exports over the period, most notably to the U.S. but sluggishness in private-sector investment persisted and consumer spending remained lackluster. In Hitachi's electronic devices division, semiconductor sales were down overall due to a sharp fall in sales for memories, which outweighed firm sales of multi-purpose and application specific chips. Semiconductor manufacturing equipment also saw a decline in sales, the company said. However rising demand drove sales of both large- and small-size TFT LCDs higher. As a result the division's sales reached about $3.1 billion, down 9% on the same quarter in the previous year but the segment recorded an operating income of $20 million reversing an operating loss of a year earlier. The turnaround reflected structural reforms including the termination of unprofitable products such as CRTs for PC monitors and the closing of certain semiconductor production lines as well as a recovery in LCD prices, the company said.