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UPDATE 2- Japan's electronics sector picks up.

Europe Intelligence Wire

| October 29, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From FT Investor (Stories))

Japan's struggling integrated electronics makers have shown signs of improvement in their first-half results on the back of stronger demand for items such as flat panels and memory chips.

But their performances have varied markedly according to how successfully they have been able to restructure units worst hit by the technology downturn.

Fujitsu, one of the most besieged of Japanese electronics makers, reported on Wednesday sales rose on a quarterly basis for the first time since the first quarter of 2001, helped by strong demand for flat panel screens and cost cutting.

But it posted another quarterly net loss …

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