High-tech giants Toshiba Corp., NEC Corp. and Fujitsu Ltd. on Thursday reported decreased sales and huge losses for the 2001 business year, blaming the slump in global demand for semiconductors and a sharp decline in prices.
Fujitsu reported operating losses on both a consolidated and unconsolidated basis for the first time since it went public in 1949.
Fujitsu Senior Executive Vice President Takashi Takaya said one of the main reasons for the loss was a decline in sales of optical cables for telecom carriers in North America.