Fujitsu

ICL's stumble on the Pathway project rubbed off on parent company Fujitsu, costing it dear during its last financial year. For the full year ended 31 March, Fujitsu reported a loss of Y13.6 billion compared with net profit of Y5.5 billion in 1997. The company said the loss of the Pathway contract, the closure of its UK semiconductor plant and the restructure of its other semiconductor businesses resulted in charges of Y43.7 billion.