Fujitsu slashes profit target by 42 percent, blames Thai floods

NEC revealed its financial woes to the world yesterday and now Fujitsu is doing the same. The Japanese computer giant originally expected to make ¥60 billion ($790 million) in the fiscal year ending March 31st, but its latest estimate suggests ¥35 billion ($460 million) may be closer to the mark. Whereas NEC admitted there'd been a fall in demand for its products, Fujitsu has so far put the blame squarely on the recent flooding in Thailand, which hit PC sales by disrupting supplies of HDDs.