Nikon, Olympus raise forecasts on strong sales
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Japanese electronics makers Nikon and Olympus reported higher net profits for the nine months to December and raised forecasts for the full year on strong demand for high-end products.
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Strong sales of its latest mobile phones help Motorola report strong profits ahead of Wall Street expectations.
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Fourth-quarter earnings surged on higher revenue as the photo film manufacturer staked out a bigger position in digital photography.
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Sony Corp. (6758.T) and Canon Inc.  (7751.T) are expected to deliver strong results as Japanese  electronics makers gear up for quarterly earnings this week,  driven by robust digital camera sales and a softer yen.
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Eastman Kodak Co. EK.N, the world's  top maker of photographic film, on Wednesday said its third  quarter profit rose, boosted by discontinued operations. Sales  were boosted by the weaker dollar and its key growth area of  digital photography.  Rochester, New York-based Kodak, which one year ago announced a  dramatic strategy shift toward digital cameras and printing and  away from film, posted net income of $479 million, or $1.67 a  share, including $1.51 from discontinued operations. A year  earlier its profit was $122 million, or 42 cents a share.     Multimedia versions of Reuters Top News are now available for:   * 3000 Xtra    : visit http://topnews.session.rservices.com  *  BridgeStation: view story .134  For more information on Top  News, visit  http://topnews.reuters.com
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Specialist retailer Jessops says the popularity of digital cameras has helped to boost its profits.
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PeopleSoft Inc. Monday raised its forecast for the just-ended quarter, helped by an increased average selling price and strong performances in North America and Europe.
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Eastman Kodak Co. EK.N on Wednesday  backed its near and long-term profit forecasts, saying sales of  digital products, such as cameras and medical imaging, are  growing faster than expected and helping to offset rapidly  declining sales of its traditional film business.
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Worldwide semiconductor sales rose 9.2 percent in January, boosted by better-than-expected cell phone shipments and strong sales of personal computers, digital cameras and music players, an industry group said on Monday.
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Single-lens reflex digital cameras are enjoying rising popularity among consumers looking to take better-quality photographs. The functions of new models introduced since autumn are improving, while their prices are falling.
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Olympus announces two new lower-end single-lens reflex cameras, and competitor Nikon upgrades its entry-level model with a higher-resolution sensor.
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Eastman Kodak Co., boosted by the sale of a remote sensing business and gains in digital photography, recorded a sharply higher profit in the third quarter and beat Wall Street forecasts by a wide margin.
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Company to release a second digital SLR model this year, bolstering efforts to penetrate a high-growth segment of the market.
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Canon may lead in SLR market share, but a J.D. Power study gives longtime rival Nikon and newcomer Sony higher customer satisfaction scores.
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Eastman Kodak Co. EK.N on Wednesday  backed its near and long-term profit forecasts, saying sales of  digital products are growing faster than expected and helping  to offset rapidly declining sales of its traditional film  business.
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Four times more camera phones will have been sold in Europe by the end of 2004 than last year, say analysts.
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Japan's Canon Inc. said it posted a record profit for the three months to September due to strong overseas demand for digital cameras, especially in Europe, and revised up its full-year earnings forecast.