High-tech firms in Japan post drop in first-half profit

Article Abstract:

Six top Japanese electronics companies reported lowered earnings for the first half of the fiscal year and lowered forecasts for the full year, despite their predictions in May, 1992, for an improved fiscal year. The poor showing was due to continued lack of world-wide demand and lower profit margins - trends that have been plaguing the industry since 1990. Also, the yen has been stronger, which has raised prices of Japanese goods for foreign customers. Fujitsu Ltd reported pretax earnings at 4.4 billion yen, or $36 million, 86.5 percent lower than the first-half earnings of last year. Matsushita Electric Industrial Ltd announced 51 percent lower pretax earnings and 6.9 percent lower sales for the parent company. Toshiba Corp announced 39 percent lower first-half pretax profit but forecasts a 2 percent rise in sales.

Economic aspects, Japan, Profits, High technology, Electronics industry, Trends, Recession, Outlook, Companies, Profit

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Rockwell relocating offices to Midwest by end of the year

Article Abstract:

Rockwell International Corp.'s remaining businesses are in Milwaukee, Wis., Greenville, S.C., Cedar Rapids, Iowa, and the Chicago area, possible sites for moving corporate headquarters from Costa Mesa, California. Most of the 165 HQ employees will be offered the chance to make the move with the company. World-wide the company employs 40,000, down from 100,000 aerospace workers of the late 1980s. Remaining businesses are electronics controls and communications.

Comment:

Company to move headquarters to Milwaukee or Chicago

Organizational history, Electronics, Abstract, Rockwell Automation Inc., Location, Electronic equipment and supplies, Electronic equipment, ROK

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TI's new chip does its tricks with mirrors

Article Abstract:

Texas Instruments is developing a digital light processor that should be released in big-screen TVs late next year. TI has planned ventures with Mitsubishi Electric Corp. and Hitachi Ltd. in order to develop televisions using their new technology. The chip is a first step in trying to bring movie quality pictures into people's homes.

Product development, Electronic Components, Semiconductor chips, Integrated circuits, Electronic components industry, Texas Instruments Inc., TXN

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