Chip makers in Japan post gains as sales rise
Article Abstract:
The Japanese semiconductor market reports overall growth in the fiscal year ended Mar 31, 1996, but analysts predict that declining chip prices will drive revenues down significantly in the coming months. Toshiba's profits rose 50% to $832 million on a sales increase of 7%, while Hitachi's profits climbed 25% to $1.3 billion on a revenue-increase of 7%. Mitsubishi Electric's profits for the year of $545 million represent an increase of 41% on an 8% sales gain, and Fujitsu's $581 million in profits are a 40% increase. Despite the positive financial reports, Hitachi is predicting that its profits will decline 4.8% in the current fiscal year, while the other chip makers are forecasting modest increases. The stockpiles of unused memory chips that were created because of an industry slowdown in late 1995 will continue to hamper efforts to regain 1995's record-breaking momentum.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Computer age millionaires redefine philanthropy
Article Abstract:
Many of the several thousand millionaires that have been created as a result of Microsoft's success have begun establishing and supporting philanthropical organizations and causes. Paul Allen, a co-founder of the company, has donated tens of millions of dollars to numerous causes, as has Bill Gates, who announced a $200 million donation to link libraries across the country to the Internet. Microsoft will match its employees' charitable giving by up to $12,000 annually. The Wiburforce Foundation is backed by anonymous Microsoft millionaires. The Fund spend $2 million on habitat conservation in the Pacific Northwest every year. The growth in charitable contributions has been growing as the young generation of millionaires matures, according to philanthropy experts.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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Chip thieves are arrested after a sting in California
Article Abstract:
An undercover operation by the FBI and the San Jose, CA police department has captured a collection of robbers who have been terrorizing California's Silicon Valley companies. The high-tech thieves would sweep into a high-tech company and steal valuable computer chips and other components. The thieves would typically depend on insiders for information on where and how to steal the chips, which can then be sold in a thriving gray market in both Asia and within the United States. Chip robberies were attractive opportunities because their small size allows robbers to abscond with millions of dollars' worth in a small bag. The chips also have no serial numbers, which makes them impossible to trace. Four gangs were the primary targets of the sting operation.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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