Toshiba profit drops on NAND prices, keeps outlook
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Japanese electronics group Toshiba Corp  posted a worse-than-expected 25 percent drop in quarterly operating profit after tumbling flash memory chip prices ate into margins.
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Japanese electronics group Toshiba Corp  posted a 38.4 percent rise in quarterly operating profit on Monday, thanks to strong sales of its flash memory chips, and it raised its full-year outlook closer to market estimates.
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SAMSUNG Electronicsâs quarterly profit jumped 46 per cent from a year ago on strong memory chip sales, but fell 14 per cent from the previous quarter as prices of flat screens for TV and computers fell.
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Samsung Electronics, the world's top memory chip maker, is set to post a 15 percent drop in quarterly profit on Friday after a steep fall in computer memory chip prices overshadowed improvements in flat screens.
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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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Sony Corp. said profit from sales of home electronic products won&#39;t improve next quarter because of falling prices for flat-panel televisions and slumping demand for audio products.
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Japan's Toshiba Corp  said it will brief on its HD DVD business and its new NAND flash memory plants at 3 a.m. EST.
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Samsung Electronics , the world's top memory chip maker, reported a smaller-than expected 5 percent drop in quarterly profit on Friday as a steep fall in computer memory chip prices overshadowed improvements in flat screens.
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Profits slump 25% at Japanese electronics giant Toshiba because of tough conditions in the computer chip market.
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The Nikkei average nudged down 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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NEW YORK  -Stocks fell on Wednesday, after Intel Corp  posted both a disappointing profit and outlook, driving the S&P 500 to its lowest closing level in 14 months.
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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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In an announcement strategically timed to lessen its impact, SanDisk admits that it must cut prices to stay competitive in a tougher NAND memory chip market. Layoffs and salary cuts for executives are also planned.
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Sony Corp (6758.T), maker of PlayStation  game gear and Vaio PCs, posted a small rise in quarterly  operating profit and cut its outlook as weaker markets ate into  its investments and a firmer yen hurt overseas sales.
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Japanese electronics giant Toshiba said it was lowering its sales and profits forecast for the year to March in the face of pricing pressures in the semiconductor market even as it reported continued profits for the nine months to December.
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NEW YORK  -Stocks fell in choppy trade on Wednesday, as pessimism about the U.S. economy mounted after Intel Corp , the world's largest chip maker, posted earnings and a profit forecast that disappointed investors.
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U.S. stocks slipped on Tuesday on a sell-off in the semiconductor sector after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast, while Dow component Hewlett-Packard Co.  declined on news about a competitor's product launch.