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No. 353, February 1999

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Japanese Companies in the US


PRECISION AND MEDICAL EQUIPMENT

Harnessing global positioning system technology to the needs of the surveying, industrial geographic information systems mapping and machine control markets is the goal of a development and marketing alliance between surveying instrument market leader TOPCON CORP. and MAGELLAN CORP., a pioneer in the GPS business. Initially, the Japanese company and Santa Clara, California-based Magellan, the satellite access products subsidiary of ORBITAL SCIENCES CORP., planned to form a U.S. joint venture that would have taken over certain Magellan assets as well as personnel and technology. In time, though, the pair decided that they could achieve the same objectives by pursuing a simpler, more flexible relationship.

An exchange rate of ¥120=$1.00 was used in this report.

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