Intel cuts chip orders, shakes market
Article Abstract:
Intel Corp's unexpected cutback of chip orders from Cirrus Logic Inc triggered the third major technology stock sell-off in four months. Cirrus, a quickly growing maker of audio and graphics chips, revealed that its revenue growth would fall this quarter due to order reductions from a major customer. Analysts determined that Intel had limited their orders. The order reduction appears to be related to a decrease in demand for Intel-made circuits at Packard Bell Electronics Inc. Cirrus's announcement incited fears that Intel was losing its market presence. However, the event that led to the sharp fall in technology stocks appears to be triggered by tactical problems at Packard Bell, rather than a technology slowdown. Analysts claim investors are taking a short-term view of the technology market, and seem too ready to lock in profits.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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Motorola profit beats forecasts on resurgence in semiconductors
Article Abstract:
Motorola has exceeded analysts' expectations for its second quarter ended Jun 28, 1997 by posting a net income of $286 million. Revenue for Motorola rose to $7.52 billion, an increase of 10% over the $6.84 billion in revenue earned during the second qtr of 1996. The company's stock rose 2.6%, or $2.125 a share, to close at $82.50 in heavy trading. Growth in the US market remained stable for the company and Europe and Japan's improving economic conditions have presented excellent growth potential for Motorola. Motorola's Land Mobile Products sector experienced a 22% increase in revenue during the quarter. Its semiconductor sales rose 3% over 1996 and more growth is expected due to an increase in year-to-year orders.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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Computer-chip study confirms risk of miscarriages
Article Abstract:
A nationwide study by the Semiconductor Industry Assn confirms earlier studies' findings that pregnant women who work in chip-manufacturing plants run a higher risk of miscarriages. The study raises the possibility of lawsuits from affected workers. Big chip manufacturers plan to retrofit their plants to eliminate employees' exposure to ethylene-based glycol, the chemical thought to be most responsible for miscarriages, and to rotate pregnant woman out of high-risk areas. Worker advocates, however, blast the industry for not moving more quickly, even though scientists reported on the possible hazard from ethylene-based glycol in 1982. The chemical is used as a solvent in chip fabrication.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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