National Semiconductor narrows loss, aided by chip recovery, PC strength
Article Abstract:
National Semiconductor's 2nd qtr 1999 loss of $94.4 million, or 57 cents a diluted share, represented a smaller loss than expected for the chip maker. Overall losses totaled $48.6 million, or 29 cents a share, following $48.6 million in manufacturing-related charges. By contrast, a First Call survey of analysts had projected a per-share loss of 49 cents. National's 2nd qtr 1998 performance showed a net income of $28.9 million, or 18 cents a share. Revenue declined from $719.9 million in the 2nd qtr 1998 to $510.1 million in the 2nd qtr 1999. CEO Brian Halla said the surprising results possibly signaled a faster turnaround for the company. A boost in PC sales could allow National to attain a sequential revenue growth rate of between 6% and 8% in the 3rd qtr 1999 ending Feb 1999, Halla said.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Third-quarter loss is posted by National Semiconductor Corp
Article Abstract:
National Semiconductor reports a loss for the 3rd qtr of 1990, the result of slow seasonal sales and reduced chip prices. For the quarter, the firm reports a loss of $10.2 million on sales of $404.3 million, compared with a loss of $44.6 million on sales of $379.3 million one year ago. Most analysts expected a loss for the period, but not one quite so large. One analyst says the company was hurt by continuing losses in its application-specific line of customized integrated circuits and by a worsening loss from memory-chip operations. These two product lines, he says, must pick up if the firm is to return to profitability. Considering the slump, in other parts of the industry this is not likely in the short term.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Chip maker sets closing charge of $149 million
Article Abstract:
National Semiconductor Corp will take a $149 million charge against earnings in 1st qtr 1991. The charge will cover costs associated with closings of manufacturing facilities that are no longer needed. Consequent to the charge, according to Erik Jansen of Robertson Stephens & Co, the company will probably report a loss of $1.50 to $1.75 a share. A spokeswoman for National Semiconductor says no layoffs or discontinuations of product lines are planned. National Semiconductor's stock was down 25 cents on Tuesday, Aug 28, 1991, when the stock was quoted at $5.25.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Semiconductor industry
- Abstracts: Semiconductor (Capital Equipment). Semiconductor (capital equipment)
- Abstracts: IBM introduces line of workstations; industry analysts impressed by prices
- Abstracts: Motorola to unveil microprocessor chip on Monday, much later than promised. Advanced Micro begins shipping its Am386 chip
- Abstracts: Lotus predicts lagging results for 2nd quarter: software maker is hit hard by price competition: stock takes 23% dive