Thursday, 19 July 2007

Japanese Technology Stocks May Rise on Higher U.S. Profits; KDDI May Fall

(Bloomberg) -- Japanese electronics stocks such as
Sony Corp. may climb after earnings from U.S. companies continued
to beat estimates, boosting confidence domestic businesses will do
the same.

Sixty-nine of 112 U.S. Standard & Poor's 500 Index members
that have released second-quarter results beat analysts'
estimates, according to Bloomberg data. Better-than-forecast
profit at International Business Machines Corp. helped send every
company included in a measure of computer shares higher yesterday.


Read more at Bloomberg Stocks News

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