Big chip firm's 4th-period loss was $56 million

Article Abstract:

Texas Instruments Inc reports a weak 4th qtr 1990 and concedes that prospects in the near term are not promising. The semiconductor firm reports a net loss of $56 million for the quarter compared with a profit of $36 million in the year-ago period. Texas Instruments states the poor performance is due to a sluggish market and a $49 million charge the firm took for asset write-downs and cost reductions. The firm also states that financial pressures will tighten in the near term; investors react by sending TI's stock down $3 to close at $34.625. Analysts say that one bright spot for the company is its continued aggressive pursual of royalties for its technology. The company announces a renewed royalty agreement with Oki Electric Industry Co covering the next five years.

Texas Instruments Inc., TXN, Financial Analysis Software, Financial Report, Losses, Fourth Quarter

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Wyle Laboratories expects 43% jump in 3rd-quarter net

Article Abstract:

Wyle Laboratories expects an increase of at least 43 percent in fiscal 3rd qtr earnings. The company expects net income for the quarter ending Oct 31 of more than $3.1 million, or 31 cents a share, mostly because of increases in semiconductor shipments. A year earlier, net was $2.2 million, or 22 cents a share. Sales are expected to rise 7.8 percent to $114 million, which compares to $105.8 million a year earlier. According to the company's president and CEO, Charles M. Clough, decisions that Wyle made four to five years ago are now paying off. He says that productivity gains and a company strategy of specializing in semiconductor sales and customized semiconductor services helped boost earnings. Specialists, he says, are winning.

Profits, Beliefs, opinions and attitudes, Third Quarter, Profit, Wyle Laboratories, WYL, Clough, Charles M.

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LSI Logic sees net trailing forecasts; stock drops 11%

Article Abstract:

LSI Logic will likely post a lower-than-expected net income for 1st qtr 1996, a reflection of the flagging PC sales that are negatively affecting the entire semiconductor industry. LSI expects to post a net income of approximately 35 cents per share on revenue of $315 million, but analysts had predicted a profit of 46 cents per share, and LSI stock fell 11% in trading after the report. LSI executives cite excess inventories and the slowing market for the company's slowing growth. LSI manufactures highly modular semiconductors and components, specializing in customized applications. The company is working on the development of the chips needed to operate forthcoming information appliances.

Semiconductor and Related Device Manufacturing, Microprocessor Chips, CPUs (Central processing units), Securities, Company sales and earnings, LSI Logic Corp., LSI, Company Dividends, Company Earnings/Profit

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