Net is a surprise for National Semiconductor
Article Abstract:
National Semiconductor Corp is recovering from the decrease in demand for chips among consumers at the beginning of 1996. The company reports earnings of $29.5 million for the period ending Nov 24, 1996. These earnings translate to 21 cents a share, which is four cents per share higher than analysts predicted. Revenue of $661.5 million also exceeds expectations, and is up 17% from the previous quarter. National Semiconductor's stock is valued at $27.50, which is up $1.75 per share, and is more than double the share price of $13 recorded in Jul 1996. National Semiconductor CEO Brian Halla believes that new chip products featuring integrated functions will further increase company sales. These new chips are slated to be available in 1997, and are expected to handle functions currently performed by several chips. Since National Semiconductor's sales are known to decrease by at least 4% during the current qtr, Halla has requested that all employees work holidays to satisfy customer demands.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Motorola posts surprising 16% decline in profit for 4th quarter; sales rise 13%
Article Abstract:
Motorola Inc announced that its profits for 4th qtr 1995 had fallen 16% from 1994 levels, from $515 million, or 87 cents per share, to $432 million, or 72 cents per share. Contributing to the decline was an anomalous cell-phone sales surge during the 1994 quarter that artificially weights the year-over-year comparison, increased re-investment in fabrication facilities and equipment and a cell-phone market price war. Profits of 90 cents per share had been anticipated by investors, and Motorola's stock tumbled 19% after actual profits were announced, from $55.625 to $45.625. Motorola's capital investments rose from $3.3 billion in 1994 to $4.2 billion in 1995. The cell-phone division increased sales 4%, but orders dropped 5%. Pager group sales grew 23%, while orders increased 36%, and big chip sales jumped 25%, while orders rose 6%.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Motorola links Windows NT to its PowerPC
Article Abstract:
Motorola Inc modifies Microsoft's Windows NT operating system to work with Motorola's PowerPC microprocessor. Motorola, attempting to claim more of the microprocessor market, which is dominated by Intel Corp, plans to develop servers and microcomputers for large companies. Motorola is working with IBM and Apple to develop the PowerPC line, and all three companies are relying on the success of this platform. The PowerPC is praised by its supporters for running applications cheaper and at up to three times faster than Intel's 80486 microprocessor. Industry analysts expect Intel to maintain its control of the market; however, the competition from Motorola may force down Intel's prices.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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