Chip-gear maker warns about results

Article Abstract:

Applied Materials Inc is warning investors that its 3rd qtr 1996 earnings and revenue will be lower than expected. The company's earnings will be about eight cents less per share and sales will be about $50 million below earlier estimates. The news adds to current investor concerns over high-technology stocks and Applied Materials's stock prices dropped 9.4% when word reached investors. The company is the leading vendor of semiconductor manufacturing equipment and has been profitable for several quarters. The semiconductor sector has experienced intense price competition and declining profits in the recent quarter, primarily because of reduced orders for manufacturing equipment. Capital spending for DRAMs has been reduced by almost 40 percent. Investor concerns over high-technology stocks increased markedly when HP and Motorola reported unexpected losses.

Semiconductor industry, Finance, Securities, Applied Materials Inc., AMAT, Stock markets, Stock Market

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Little-town blues; rural phone companies face a tough choice: spend a lot of money or get out of the business

Article Abstract:

Rural telephone companies are facing do-or-die situations in a rapidly changing industry. The companies are finding that they need to spend a lot of money to keep up with the industry or risk going out of business. Keeping up with the industry calls for heavy investments in video conferencing, fiber optics and other advanced technologies. Experts estimate that upgrading an aging system can cost more than $1,000 per line, making it economically impossible for some small companies to compete by themselves anymore. Several rural companies are letting themselves be bought up by larger entities. In an industry that will pay as much as $4,500 per line, selling is making a lot of sense to the smaller rural companies. Some rural companies are looking to expand by buying up the lines of other companies.

Administration of Urban Planning and Community and Rural Development, Rural Telephone Programs, Marketing, Telephone company, Telephone companies, Local telephone services, Rural development, Rural telecommunication, Rural telecommunications, Local telephone service, Market Trend Market Analysis

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Power play; utility companies are the dark horse in the telecommunications race

Article Abstract:

The converging worlds or cable television, the Internet and telecommunications has been joined by the electric-utility industry. The nation's third-largest telecommunications infrastructure is owned by electric utilities. Much of the over 40,000 miles of fiber-optic cable is unused and links power plant with substations and various energy control points. The deregulation of electric utilities is prompting the industry to look for area to diversify. Many utilities are selling their unused fiber capacity to established telecommunications partners, such as MCI WorldCom and AT&T, however, several are forming their own telecommunications companies.

Electric Utilities, Electric Power Generation, Transmission and Distribution, COMMUNICATION, Communications, Broadcasting and Telecommunications, Electric services, Planning, Services, Telecommunications industry, Communications industry

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