Toshiba To Invest More In Digital Devices

Japanese electronics maker Toshiba Corp. plans to invest $9.4 billion over the next three years to develop digital products and electronic devices.

Digital products include flat-panel TVs, cell phones and other gadgets that have Net-linking and other computer-like functions.

In a business plan disclosed Friday, Toshiba said it is aiming for a group operating profit of 280 billion yen ($2.6 billion) on sales of 6.20 trillion yen ($58.3 billion) in the fiscal year ending March 2007.

Source: Associated Press

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