IBIDF.PK - News and Analysis from Seeking Alpha 'IBIDF.PK' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/symbol/ibidf.pk Japanese Tech Stock Weekly Summary (Oct. 6-12, 2008) http://seekingalpha.com/article/99741-japanese-tech-stock-weekly-summary-oct-6-12-2008?source=feed 99741 The following is excerpted from IRG's weekly stock report:

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Hardware

• Sharp Corp. issued a profit warning for this fiscal year ending March, blaming a slump in sales of mobile phone handsets in Japan and weakness in liquid crystal display panel prices. The company cut its group net profit outlook to 60 billion yen (US$596 million) for this fiscal year from 105 billion yen (US$1 million) in its prior outlook in late April. The company also revised downward its operating profit outlook to 130 billion yen (US$1.3 billion) from 195 billion yen (US$2 billion). Sales are pegged at 3.4 trillion yen (US$34 trillion), compared with the previous forecast of 3.6 trillion yen (US$36 billion). That is nearly double the 45 billion yen (US$447 million) in operating profit estimated for the fiscal first half that ended September. The company said it would be too early for other businesses, such as solar batteries and home appliances, to be strong enough to more than offset the company's sluggish cellphone operations.

]]> Tue, 14 Oct 2008 05:27:00 -0400 IRG The following is excerpted from IRG's weekly stock report:

• • •

Hardware

• Sharp Corp. issued a profit warning for this fiscal year ending March, blaming a slump in sales of mobile phone handsets in Japan and weakness in liquid crystal display panel prices. The company cut its group net profit outlook to 60 billion yen (US$596 million) for this fiscal year from 105 billion yen (US$1 million) in its prior outlook in late April. The company also revised downward its operating profit outlook to 130 billion yen (US$1.3 billion) from 195 billion yen (US$2 billion). Sales are pegged at 3.4 trillion yen (US$34 trillion), compared with the previous forecast of 3.6 trillion yen (US$36 billion). That is nearly double the 45 billion yen (US$447 million) in operating profit estimated for the fiscal first half that ended September. The company said it would be too early for other businesses, such as solar batteries and home appliances, to be strong enough to more than offset the company's sluggish cellphone operations.


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