Intel earnings declined 7% in 1st quarter

Article Abstract:

Intel announces a loss of seven percent to $184 million, equal to 86 cents a share, for 1st qtr 1992. Although revenue for the quarter rose 10 percent to $1.24 billion, several factors offset the gain. Intel agreed to pay General Motors Corp $35 million to settle a patent infringement suit. In other litigation, an arbitrator ruled that Intel must pay $15.3 million to Advanced Micro Devices Inc for breaking an agreement that gave Advanced Micro permission to manufacture Intel's 80386 microprocessor. Other factors influencing Intel's losses include a price reduction in its 80386 line of chips as a result of Advanced Micro's marketing of an 80386 clone. Sales of the clones are also credited for a reduction of sales in Intel's low-end 80486 microprocessors. Intel maintains that sales of its other 80486 chips are strong, although many customers are purchasing them on an as-needed basis. In light of continued competition from Advanced Micro, some industry observers predict further difficulties for Intel.

Computer peripheral equipment, not elsewhere classified, Finance, Microprocessor, CPUs (Central processing units), Intel Corp., INTC, Profits, Market share, Sales, Revenue, Price cutting, Competition, Lawsuits, Profit, Financial Report, Losses, First Quarter

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Motorola, Samsung plan to develop palmtop computers

Article Abstract:

Motorola Inc and Samsung Electronics Co announce plans to develop hand-held, pen-based 'palmtop' computers incorporating wireless communications technology. The two companies will work together to combine Samsung's manufacturing capabilities with Motorola's expertise in mobile communications. HP has been selling a standard palmtop computer since 1991, and Apple, Sharp Corp and Tandy Corp are among the firms working on new machines. Motorola officials say the company's experience in cellular-radio technology and the two-way radio and pager business may give it an edge in establishing a communications standard.

Radio & TV communications equipment, Hand-held computers, Handheld computers, Computer industry, Product development, Samsung Electronics Company Ltd., Motorola Inc., MOT, Cooperative Agreements

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