OSAKA — Matsushita Electric Works Ltd. said Thursday it will postpone its plan to issue special stocks linked to the performance of electronics-related business divisions due to the ongoing slump in the information technology sector.
The company had earlier planned to issue so-called tracking stocks linked to its electronic materials and control devices divisions next spring, when the issuance of such stocks will be liberalized. Due to falling demand for electronic parts, however, the company expects a substantial deterioration in its overall business performance for the half-year period through November.
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