BRISBANE, Calif, November 28, 2006 -- Hitachi America, Ltd. XBRL Business Unit, which develops and delivers eXtensible Business Reporting Language (XBRL) solutions for corporate and government customers, today launched a new Web log (blog) – Data Interactive – that will focus on the latest news and opinions related to XBRL adoption. The blog can be found at http://blog.hitachixbrl.com/.
Designed as an online magazine focusing on XBRL and its related issues, Data Interactive is updated weekly. The blog is edited by financial expert Bob Schneider and will feature content written by the Hitachi XBRL team and guest contributors from the financial services industry, such as Mike Willis, Founding Chairman of XBRL International and a partner with PricewaterhouseCoopers, and Gary Purnhagen, a partner with Merrill Corporation.
“As XBRL achieves greater acceptance in the US, Hitachi intends to be in the forefront of the dialogue regarding its advantages, as well as highlight the key issues that are evolving in the industry. We feel a blog, with its ability to reflect up-to-the-minute information and opinion, is an ideal way to acquaint people with XBRL and keep in touch with those interested in this evolution,” said Dr. Wilson So, director of Hitachi America, Ltd. XBRL Business Unit.
HAL XBRL Business Unit delivers superior eXtensible Business Reporting Language (XBRL) solutions that improve corporate governance, restore shareholder confidence and enable market agility by delivering correct actionable data in real time.
Hitachi is a pioneer in the development of XBRL products and services for the financial and business communities at large. In addition to developing its own offerings, Hitachi partners with other firms – including systems integrators, auditing firms, and service providers – to create innovative XBRL solutions. The company has working partnerships with Merrill Corporation and PricewaterhouseCoopers.
Hitachi America, Ltd. XBRL Business Unit focuses on developing business relationships with four types of companies: those who want to reduce their time for financial analysis and reporting; those with multiple divisions that are in a merger/acquisition process; those trading on foreign or multinational exchanges; and those that want to be perceived as leaders in technology adoption. A copy of the business unit’s white paper “The XBRL-Enabled Company” can be downloaded at www.hitachi.us/XBRL.
For more information, please visit www.hitachixbrl.com or contact Hitachi at 1-888-HITACHI, or firstname.lastname@example.org.
Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., markets and manufactures a broad range of electronics, computer systems and products, and consumer electronics, and provides industrial equipment and services throughout North America. For more information, visit http://www.hitachi.us.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 356,000 employees worldwide. Fiscal 2005 (ended March 31, 2006) consolidated sales totaled 9,464 billion yen ($80.9 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.