Intel stock falls on weak outlook

Article Abstract:

Intel Corp's shares fell $6.75, or 13.5 percent, to $43 after the company announced its 3rd qtr 1991 earnings would not be as high as expected. Intel attributes the shortfall on seasonal weakness in the semiconductor industry, a sluggish economy and rapid transitions in the computer industry. Sales have slowed for Intel microcomputers resold under other brand names. Although demand remains high for Intel's 80386 and 80486 chips, analysts say Advanced Micro Devices Inc's 386 clone has forced Intel to lower prices, which in turn lowers profit margins and earnings. The stock drop rattled the financial community, which worries that the problem in the semiconductor industry is more than just a seasonal slowdown. Intel had predicted 3rd qtr earnings would be $1 to $1.02 a share, but now says it will be between 83 cents a share, which it reported in the 1990 quarter, and $1 a share.

Semiconductor industry, Microprocessor, CPUs (Central processing units), Intel Corp., INTC, Marketing, Supply and demand, Microprocessors, Profits, Securities, Advanced Micro Devices Inc., AMD, Stock markets, Price cutting, Competition, Economics of Computing, Demand, Third Quarter, Stock Market, Profit, Stock, Financial Report

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Flat screen venture set by Motorola

Article Abstract:

Motorola Inc acquires 20 percent of In Focus Systems Inc and the two firms plan to develop flat video screen technology at a joint facility. Motorola will purchase 2.2 million shares of In Focus stock at a price of $10 per share, with a total investment of $22 million. The firms will operate a plant near Portland, OR, and plan to have a small display on the market by the end of 1994. Applications for the active-matrix technology include projection systems, personal communications products and personal computers. In Focus utilizes Active Addressing, a proprietary technique to produce passive matrix video displays. The two companies face stiff competition from Japanese firms that have already worked to develop flat screen video displays.

Radio & TV communications equipment, Computer peripheral equipment, not elsewhere classified, Product development, Investments, Joint ventures, Electronics industry, Motorola Inc., MOT, Flat panel displays, Video monitors, InFocus Systems Inc., INFS, Flat Panel Display

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