Mita padded profit, says its overseer

Article Abstract:

Mita Industrial Co. announced that it filed for bankruptcy protection in an Osaka District Court in accordance with Japanese bankruptcy law. According to a bankruptcy statistics research agency, the company's liabilities amounted to 214.87 billion yen ($1.47 billion). A court-appointed adminstrator for Mita stated that since 1985, the firm had been padding its earnings. Since 1985, Mita is believed to have padded its profits by 37.09 billion yen.

Comment:

Files for bankruptcy protection in accordance with Japanese bankruptcy law; co padded earnings since 1985

Japan, Photocopy Equipment, Photographic and Photocopying Equipment Manufacturing, Organizational history, Company Planning/Goals, Article, Mita Industrial Company Ltd.

---

Sun Microsystems net more than doubles

Article Abstract:

Sun Microsystems posted earnings of $274.8 million, up from $197.9 mil for Q1 in 1998. Revenues were $3.12 bil, compared to $2.49 bil for the same 1998 period. The company is now primarily a maker of servers for the corporate Internet market. Shares closed at $91.75 before the news release.

United States, Electronic Computer Manufacturing, Sales, profits & dividends, Computers & Auxiliary Equip, Statistical Data Included, Sun Microsystems Inc.

---

Similar abstracts:

• Abstracts: Stalking the Mac thrill of yesteryear. How to get more than you pay for
• Abstracts: Bit of progress in talks to end strikes at G.M. GM reportedly to combine US and foreign operations. A new route for General Motors: the world's largest company prepares to re-invent itself
• Abstracts: Applied Materials to cut staff 15%, salaries. Microsoft's goals include making software accessible
• Abstracts: The pivotal departure of a value investor. A slap on the cyberwrist. Feasting on a banquet of Internet offerings
• Abstracts: Apple's first annual profit since 1995: Chief boasts of signs of renewed strength. Another e-mail security problem is discovered, this one in Eudora

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.