Thursday, July 26, 2007

UPDATE 1-Fujitsu Q1 oper profit down 80 pct, lifts outlook

(Reuters) - The chips-to-computers company, which competes with
International Business Machines Corp. and Electronic Data
Systems Corp. , is eyeing growth in Europe and the United
States through acquisitions to branch out of a saturated computer
market at home and aiming for double-digit annual overseas sales
growth.




Fujitsu, which hopes to reinvent itself as an IBM-style
consulting company, was hit by price slides for its system chips,
which it supplies to companies like Sony Corp. , and its
hard drives.


Read more at Reuters.com Market News

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