Enterprise integrated chip equipment and system of Hitachi's cash stock

In order to raise more capital, Hitachi said recently has sold some shares chips equipment and system integration enterprise's in the open market, allegedly for $158 million 500 thousand in cash.

In the first transaction, Hitachi sold 5 million shares of Hitachi shares of High-Technologies, which is an electron beam welding tool and other semiconductor equipment suppliers. After the completion of the transaction, Hitachi still holds a 51.4% stake in the company, a total of 70807382 shares.

At the same time, Hitachi also sold 3 million shares of Hitachi Systems & Services Ltd shares, which is a system integration service provider. This part of the stock sale, Hitachi company also owns 12 million 800 thousand of the company shares, the total shares of 51.2%.

Through the sale of stock, Hitachi is expected to receive about $103 million 200 thousand pre tax income, the final net income of approximately $48 million 600 thousand.

Hitachi said they did not want to sell stock to the business forecast for the fiscal year ended March 31, 2006. Recently, in order to reverse losses, Hitachi company had restructuring the management, and the appointment of a new president. In addition, according to Peng Bo (Bloomberg) reported that, in order to reverse the loss of chip, Hitachi, Renesas and Toshiba is likely to become the first to set up a joint foundry companies in japan.