Word: hitachis
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...sanctions to be harsh, the Administration carefully aimed them at the offending Japanese companies rather than U.S. consumers. Most of the products -- among them computer disk drives, refrigerators and electric motors -- are manufactured by the same giant corporations that the U.S. accuses of violating the semiconductor agreement: NEC, Fujitsu, Hitachi and others. Because the proposed 100% duties would effectively double the U.S. prices of those items, the Administration avoided choosing products in which Japan has a near monopoly, as in the case of videocassette recorders. The sanctioned products are manufactured by enough companies in the U.S. and other nations that...
Lawrence D. Belfer '88, who owns a Hitachi VCR but uses it only once a month, says, "It's quite literally a luxury...
...industry was being destroyed not by bad business practices but by predatory competition. In a series of complaints filed with the U.S. Government, the industry alleged that the Japanese were using unfair trade practices in their zeal to penetrate the U.S. market. The smoking gun: a memorandum issued by Hitachi executives instructing their salesmen to undercut U.S. firms by 10%, no matter what the cost...
...When I left my job at Hitachi, it was difficult for my parents to understand why I would give up a good job just to go to Harvard," Craig recalls...
...months that ended Sept. 30, Toshiba's pretax profits plunged 80% from the same period in the previous year. At Fujitsu, Japan's top computermaker, profits fell 79%. Nihon Keizai Shimbun, Japan's leading business newspaper, last month reported that for the first time since 1975, Hitachi, Mitsubishi Electric and Fuji Electric planned temporary layoffs, shocking workers and managers in the industry. The companies denied the report, but rumors persist. Says Daisaku Kodama, an Osaka-based subcontractor for Matsushita Electric Industrial: "There have been other recessions. But this is the first time we have questioned our own survival...