Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (28054)	2/7/1999 6:42:00 PM
From: Henry Eichorszt	Respond to of 70976

Hitachi to Raise Group Semiconductor Investment, Nikkei Says Tokyo, Feb. 8 (Bloomberg) -- Hitachi Ltd. will increase capital investment in its group semiconductor business by 10 billion yen ($88.5 million) to 50 billion yen in the year through March, the Nihon Keizai newspaper reported, without citing sources. Hitachi expects to post a group net loss of 375 billion yen for the year. The company wants to increase chip production because it expects recovering demand for integrated circuits will help its earnings, the report said. Hitachi said last week it will lose a larger-than- expected 375 billion yen in the year, its first-ever full-year loss, because of restructuring charges and the yen's strength against the dollar. (Nihon Keizai, 2/8, p.13)(www.nikkei.co.jp) 18:32:00 02/07/1999 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.