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September 6th, 2010
Foxconn Cuts Target as Apple Portables Fail to Offset Slowing Computer Sales
Foxconn Technology Group, the world's largest contract manufacturer of electronics, has cut its growth target in half as demand for Apple's portables fail to offset slowing computer sales, Bloomberg Businessweek reports.
The company's Chairman, Terry Gou, confirmed the move in an interview at his office in Shenzhen, China yesterday for Bloomberg Businessweek's upcoming issue.
Gou has his eye on biotechnology companies as acquisition targets, but also plans to expand in industries like nanotechnology and media content, according to the report.
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