By silicon.com, 28 October 2003 14:40
NEWS 28.10.98: In an ominous signal that the Japanese economy could be following its South East Asian and Russian counterparts, electronics giants Hitachi and Toshiba have filed disappointing half year results.
Hitachi said it lost $1.05bn over the last six months ending 30 September. The company blamed its IT interests - in DRAM chips, PCs and monitors - as a primary contributor to the loss.
The company is warning that it is likely to suffer a massive loss at the end of the year.
Toshiba also posted an interim loss of $53m, but is confident that this will be turned round by the end of the year to a $126.5m profit though strong predicted notebook sales.
28.10.03: The names may change from story to story but five years on the problems remain for the Japanese electronics sector.
Five years ago it was Hitachi and Toshiba reporting lean times, today Sony announced it is to axe 20,000 staff - a number which would still have raised eyebrows - and concerns - during the worst days of the downturn.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below