twice connect
careers

Hitachi Reports Lower Q3 Sales, Net Loss

10/29/2009 01:47:02 PM Eastern

Tokyo - Hitachi reported a 19 percent drop in corporate revenues
and a net loss for its second quarter ended Sept. 30.

Hitachi's revenues were $24.8 billion down 19 percent compared
with last year and its net loss was $535 million, or 48 billion yen, a decrease
into a loss of 48 billion yen.

In its digital media and consumer products operation revenues
dropped 23 percent to $3.09 billion year over year. Operating income for the
quarter was $48 million, or 4.2 billion yen, a 17 billion yen improvement from
last year. There was a narrower loss in the flat panel TV business resulting
from the switch to procuring plasma panels from outside the company, reducing
overseas sales and other actions, the company said.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National