Toshiba, Fujitsu hit by price falls, outlook rough
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Japanese electronics group Toshiba Corp.  and Fujitsu Ltd.  said quarterly operating profit dropped on sharp price falls in microchips and hard drives, and forecast steeper price declines to come.
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Sony Corp. 6758.T shares fell to a 2    month low on Monday after Toshiba Corp. 6502.T and Fujitsu   Ltd. 6702.T joined the list of PC makers recalling Sony-made   batteries, increasing potential damage to its earnings.
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Tokyo stocks edged down by mid-afternoon  on Thursday as caution over earnings hurt Canon Inc. and other  tech firms after disappointing outlooks this week from Elpida  Memory Inc. and Nintendo Co. Ltd.
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Japan's Toshiba Corp.  has  lowered its sales target for high definition DVD players and  recorders on slower-than-expected unit sales in the U.S.,  putting a damper on Toshiba's prospects in one of its growth  businesses.
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U.S. stocks fell on Wednesday on concern about higher-than-expected inflation and a sharp drop in shares of technology bellwether Hewlett-Packard Co.
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The Nikkei average fell 0.04 percent on  Friday as investors took profits in recent gainers such as  Toshiba Corp. (6502.T), although trade was relatively slow  ahead of a closely watched U.S. jobs report.
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Two Japanese electronics makers reported improved fiscal first-half earnings Friday, with profits at Hitachi Ltd. surging nearly eight-fold, while Toshiba Corp. rebounded to profitability from a loss the previous year.
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Stocks fell on Tuesday as investors worried that higher interest rates would cut into corporate profits, while a disappointing outlook from Texas Instruments Inc.  dented optimism about tech spending.
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The electronics giant reports a fall in profits at the same time as rivals Matsushita and Canon see their profits increase.
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Japan&#39;s Nikkei 225 Stock Average fell for the first day in four. Nintendo Co. and Sharp Co. declined after brokerages cut their ratings on the companies, citing concern that earnings growth may slow.
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Shares in Sony Corp. (6758.T) fell to a 2  month low on Monday after Toshiba Corp. (6502.T) and Fujitsu  Ltd. (6702.T) joined the list of PC makers recalling Sony-made  batteries, boosting the potential blow to its earnings.
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It may sound like carping coming from a big electronics company, but the price drops have surprised manufacturers and analysts alike.
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Stocks declined on Tuesday, weighed down by losses in the technology sector after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast.
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Technology stocks led a fall in Asian  shares Tuesday as a gloomy outlook from LG.Philips LCD and  soaring oil prices fueled investor concerns about a slowdown in  corporate profits and global economic growth.
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Plus: Toshiba earnings dip, chip outlook dims...Verizon boosted by wireless, fiber...Nintendo outlook positive.
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US stocks fell, led by semiconductor makers including Intel Corp. after Xilinx Inc. and Altera Corp., the largest makers of programmable computer chips, lowered their sales forecasts as some customers cut orders.
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Toshiba Corp. and Fujitsu Ltd. joined a growing list of computer makers recalling Sony Corp. batteries in the latest blow to consumer confidence in Sony's reputation as a manufacturer.