National Semiconductor posts big loss for 1st quarter, but topped estimates
Article Abstract:
National Semiconductor Corp reported a smaller-than-expected 1st qtr FY 1998 loss of $104.8 million, compared to its $62.6 million profit in 1st qtr 1997. Revenue for 1st qtr decreased 28% to $469.6 million, down from $656.7 million in 1st qtr 1997. National's plants are running at 41% of capacity, and the firm needs 75% use of capacity to earn the $600 million revenue required to break even. The company hopes to increase profits by shifting production to a newer facility and by launching 18 new analog products in 2nd qtr 1998, according to CEO Brian Halla.
Comment:
Reports a smaller-than-expected 1st qtr 1998 loss of $104.8 million
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:
Chip maker possts $212.4 million loss for latest quarter
Article Abstract:
National Semiconductor Corp. delivered on expectations that it would post a large loss as it struggled with sluggish demand and falling prices. The company reported a loss of $212.4 million including charges for an acquisition and restructuring for the fourth quarter ending May 31, 1998. The company warned last month that it would lose money in the fourth quarter because of weak demand for chips used in PCs and computer networks.
Comment:
Delivered on expectations it would post a lg loss w/ sluggish demand & falling prices
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:
- Abstracts: Cisco Systems profit in quarter beat estimates; sales rose 35%. Nortel agrees to acquire Bay Networks; telecom company to swap $7.68 billion of its stock for network-gear firm
- Abstracts: Bell Atlantic sets charges for quarter. SBC, Ameritech 2nd-period profits rose. Cincinnati Bell warns second-quarter profit to be hurt by start-up
- Abstracts: Lehman, Morgan Stanley post record for quarterly profits on merger boom. Merrill is in talks about acquiring Midland Walwyn
- Abstracts: Pain under attack: Explosion in biotechnology drugs focuses on arthritis. Weight-loss drug shows some success in humans
- Abstracts: Woes persist as Motorola posts results. Test pushes Wall St.'s computers into 2000 without mishaps. Motorola says it will cut 15,000 jobs: 2d-quarter loss seen: stock falls after news