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To: Skeeter Bug who wrote (33833)	5/22/1998 7:34:00 PM
From: DJBEINO	Respond to of 53903

Fujitsu to Cut Semiconductor Investment 37% Fujitsu <TOKYO:6702> announced that although the company's fiscal 1997 sales grew 3.4% to 3.229 trillion yen, its ordinary profit fell 16.3% to 80.1 billion yen. The company's domestic shipments of PCs reached 2 million units, but the fall in semiconductor prices led to increased competition among the PC makers in the stagnant market. In fiscal 1998, the company expects sales to grow to 3.4 trillion yen, with ordinary profit remaining stable at about 80 billion yen. In addition, Fujitsu will reduce its fiscal 1998 investment in semiconductors by 37%, down to about 34 billion yen.