Apple to post profit again on sales gains
Article Abstract:
Apple Computer's Steve Jobs announced profit gains for the fifth quarter in a row at the MacWorld trade show in San Francisco, California. It is estimated that when results are reported in detail, Apple will show a quarterly net of $109 million. Profits a year earlier were $47 million. Sales are expected to be up to $1.85 billion compared to $1.6 billion a year ago. Apple shares rose $2.0625 to $43.3125 in Nasdaq trading. The company's success is attributed largely to sales of the new iMac computer, 800,000 of which are reported to have been shipped between August and December. Jobs also announced coming product introductions from Apple which include new Power Mac G3s, more powerful computers with improved technology for connecting peripherals and with newly crafted cosmetic features, and iMacs available in more colors. Apple's new Mac OS X , an operating system designed for data-storage servers, was presented as well.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Sun Microsystems earnings are flat; MIPS posts a loss
Article Abstract:
Sun Microsystems Inc and MIPS Computer Systems Inc, in separate statements, report below par financial performances as a result of increasing competition and declining sales. Though Sun Microsystems reported a profit, the amount was much less than most analysts had projected. For the 1st qtr of FY 1992 ending Sep 27, 1991 Sun earned $26.8 million or 27 cents per share, a small gain from the $26.1 million or 26 cents per share gained the same period in FY 1991. Revenue gained 11 percent from $677 million to $754.9 million. Because of delays in license payments, MIPS's sales dropped 13 percent from $37.5 million to $32.7 million. MIPS will also accrue a high charge for layoffs as a result of the vendor's working relationship with other vendors belonging to the Advanced Computer Environment (ACE) consortium.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Mips may post 3rd-period loss, its stock drops
Article Abstract:
Mips Computer Systems Inc reports that it may have incurred a 'modest' 3rd qtr loss because of a parts shortage, and the company's stock falls 32 percent in consequence of the announcement. Separately, Sun Microsystems Inc announces various measures to control costs, which causes Sun's stock to fall 39 percent. Sun's stock closes on Fri, Oct 5, 1990, at $18.25. Mips stock closes at $9.25. Mips and Sun are competitors. Both companies make reduced instruction set computing (RISC) chips for workstations, and also make computers.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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- Abstracts: Hewlett-Packard profit rose 25% in its 2nd period. Earnings at Sun Microsystems increase 60%
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