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: Robert O who wrote (30581)	5/25/1999 1:55:00 PM
From: Proud_Infidel	Respond to of 70976

DRAM price collapse takes financial toll on Japanese chip makers By Jack Robertson Electronic Buyers' News (05/25/99, 10:28:15 AM EDT) Toshiba Corp. and Fujitsu Ltd. each reported net losses for the fiscal year ended March 31, 1999, which both companies blamed largely on crashing DRAM prices. Toshiba had its first loss in 23 years last fiscal year of $113 million (13.9 billion yen), which compared with a $60 million net profit for the previous year. Sales totaled $43.8 billion (5.3 trillion yen), down 3% from $45.1 billion (5.5 trillion yen) for the year ago period. Toshiba Executive Vice President Kiyoaski Shimagami said fiscal 1998 "was a pathetic year, and we hope it marks the bottom." The company lost heavily in semiconductors and consumer electronic operations, although its notebook PC business prospered, officials said. Toshiba reported a $568 million operating loss in its semiconductor group. Fujitsu Ltd. also said the DRAM price collapse caused large losses in semiconductors that wiped out operating profits in its information processing group. Fujitsu reported a $111 million (13.5 billion yen) net loss in the last fiscal year, compared with a $50 million profit (5.6 billion yen) profit for the preceding fiscal year. Sales totaled $43.3 billion (5.24 trillion yen), up from $41.15 billion (5 trillion yen) the previous year. ebnews.com