Finland's Wireless Fast Track Thanks in large measure to mobile handset pacesetter Nokia, this small nation, about the size of Montana with a population of some 5 million people, is where the rest of the world looks for wireless guidance. But so far no one is willing to put it together. Printer friendly version.
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The company's pre-tax profit tripled from a year earlier to 92.3 billion yen and sales grew 8.4 percent to 5,409 billion yen. NEC recorded charges of 64 billion yen related to the restructuring of NEC Home Electronics and other subsidiaries and 111.5 billion yen losses in investments. However, it posted gains on the sale of its subsidiaries' stock such as NEC Soft, and on the sale of its foreign plants to contract manufacturers, it said. For the year to March 2002, NEC forecast its net profit would rise to 65 billion yen, pre-tax profit to 110 billion yen and sales to 5,850 billion yen. Senior management director Shigeo Matsumoto said operating profit in NEC's electronic device division is expected to fall 27 percent to around 50 billion yen in the year to March 2002.