Woes persist as Motorola posts results
Article Abstract:
The technology sector and stock market paid close attention to Motorola Inc.'s warning last month that it may incur its first losing quarter in 13 years since the company long has served as an industry bellwether. But, while Motorola was able to achieve a small operating profit, their problems in the semiconductor and wireless communications markets continued as sales and new orders fell from the same period last year. Motorola officials attributed their troubles to the Asian financial crisis, which they said would continue to affect company growth throughout the year, but industry analysts argued that Motorola is suffering from a lack of innovation in its key businesses.
Comment:
Slow growth in telecommunication and semiconductor businesses attributed to continuing Asian financial crisis
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Motorola says it will cut 15,000 jobs: 2d-quarter loss seen: stock falls after news
Article Abstract:
Motorola announced recently that it will eliminate 15,000 jobs, or ten percent of its workforce. The company will also take a $1.95 billion charge against second-quarter earnings, a move which is regarded as the most significant indicator, so far, of trouble in the semiconductor industry. Motorola also announced that it will report a operating loss for the second quarter. This represents Motorola's first departure into the red since the semiconductor plunge of 1985.
Comment:
Will also take a $1.95 billion charge against second-quarter earnings, & report operating loss
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Test pushes Wall St.'s computers into 2000 without mishaps
Article Abstract:
Wall Street's project to test its computers' Year 2000 capability has been moved forward without any major problems, to the first trading day of the new century, January 3, 2000. The only difficulties that have arisen entailed miscommunication between computers established for the testing. The trouble was not linked to the January 3, 2000 date.
Comment:
Wall Street's project to test its computers' Year 2000 capability moved forward without any major problems
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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