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December 1, 1995

TOSHIBA, HITACHI REVEL IN THE WORLDWIDE PERSONAL COMPUTER BOOM

By CBR Staff Writer

Strong recovery was evident in the consolidated first half figures of both Toshiba Corp and Hitachi Ltd – opposite, and they came with forecasts of further gains for the full year on the back of the global boom in personal computers. Sales of semiconductors, CD-ROM drives and hard disk drives were strong on the back of a world boom in personal computers and mobile communications equipment, Toshiba said: We expect chips and computer-related equipment to keep selling well throughout the second half of this fiscal year. Hitachi Ltd expects 1995-96 group semiconductor sales to grow 28% to $9,400. It estimates 23% overall growth in group net profit to $1,380m for the year. Yoshiki Yagi, executive managing director, said the global semiconductor market was very strong now but might weaken in late 1996 as production capacity soars.

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