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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Tech Investor who wrote (2755)	1/14/1998 9:54:00 AM
From: Esvida	Respond to of 6565

MITSUBISHI ELECTRIC TO CUT OVERSEAS CHIP, TV OPERATIONS TOKYO - As part of a plan to sharply cut back on its overseas operations, Mitsubishi Electric Corp. will withdraw from microchip production in the U.S. and close television plants in the U.S. and Singapore, The Nihon Keizai Shimbun Wednesday edition reports. The move is designed to help revamp the company's increasingly unprofitable semiconductor and consumer electronics businesses. The cost of the restructuring, coupled with falling chip prices, is expected to expand consolidated net losses for the year through March 1998 to 40-50 billion yen, compared with an earlier projection of 10 billion yen. I got the above from another thread. Not sure who in the US will get less competition, but someone sure will. Is this an early indicator of a shift in Japanese industrial policy? -Al