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Technology Stocks : ASML Holding NV -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (863)	11/11/2003 2:20:57 PM
From: Sam Citron	Read Replies (1) \| Respond to of 43481

Nikon chip equipment pulls group into loss, says report By Silicon Strategies 11/11/2003 6:35 AM EST URL: siliconstrategies.com TOKYO -- Nikon Corp., posted a group pretax loss in the fiscal first half that ended September 30, due to weak demand for equipment to make semiconductor chips, according to a Japan Today report on Tuesday (November 11, 2003). The maker of professional optical equipment, digital still cameras and semiconductor manufacturing equipment posted a pre-tax loss of 515 million yen (about US$4.7 million), compared to a profit of 1.70 billion yen (about US$15.6 million) in the like period a year earlier, the report said. The precision equipment business made a 12.54 billion yen (about US$115 million) operating loss the report said. Losses within Nikon's chip-equipment unit were better than expected in the first half. The unit, which makes scanners and other gear, was projected to lose 15 billion yen ($137.98 million) in the period, which ends on Sept. 30, 2003, according to Nikon's own estimates. In the first half of fiscal 2003, Nikon's chip-equipment unit reported a loss of 10.1 billion yen ($92.96 million). For the 2004 fiscal year, Nikon's chip-equipment unit is projected to post a loss of 22 billion yen ($202.5 million) on sales of 180 billion yen ($1.66 billion), according to the company. Nikon's competitors, ASML Holding NV and Canon Inc., have also posted losses in its latest results. One of the problems for Nikon and its rivals is that lithography is lagging in the chip-equipment recovery (see November 4 story).