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Japanese electronics giant Toshiba Corp. said on Friday, March 7th, that it was aiming to double its group operating profit and become the world's leader in DVD recorders under a three-year business plan. Toshiba also said it would move its home appliance business into a new wholly-owned subsidiary. Toshiba plans capital expenditures of 840 billion yen over the next three years, with more than 75 percent of this investment targeted on core, high-growth businesses such as semiconductors. In December, Toshiba announced plans to spend 350 billion yen on two new high tech plants to make memory chips and logic chips for mobile phones, digital cameras and other consumer electronics. Toshiba will also focus on cutting-edge consumer electronics such as DVD recorders, a small but fast-growing market where it pioneered much of the technology but currently lags Matsushita Electric Industrial Co in market share. |
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