Loss for Apple; record profit at Intel

Article Abstract:

Apple Computer Inc reports a loss of $53.1 million for its 3rd qtr, ended Jun 28, 1991. The company's revenues are up, but lower profit margins on the new Apple Macintosh microcomputers and various charges for reorganization and layoffs cause the final figure to be down. Apple's earnings for the comparable period in FY 1990 are $119.8 million, or 96 cents a share. Apple's shares closed down $1.25 on Wednesday, Jul 17, at $42.50. Intel Corp reports record revenues and earnings for 2nd qtr 1991. Earnings for the period are reported at $230.8 million, or $1.10 per share, which is a 35 percent increase over the $170.7 million, or 84 cents a share, that was recorded in 2nd qtr 1990. Revenues are up 29 percent, to $1.25 billion, from $968.3 million in 2nd qtr 1990. Despite the earnings report, Intel's stock fell $1.50, closing at $44.25. Analysts believe that a lessened demand for 80386DX and 80386SX microprocessors might be responsible for the decline.

Semiconductors and related devices, Semiconductor industry, Intel Corp., INTC, AAPL, Revenue, Apple Inc., Third Quarter, Losses, Second Quarter

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Hewlett posts surprise gain in earnings

Article Abstract:

Hewlett-Packard Co reports unexpectedly strong earnings for the 1st qtr ending Jan 31, 1991. Hewlett-Packard executives say earnings are $205 million, or 83 cents a share, up 18.4 percent from $173 million and 72 cents a share in the same period in FY 1989. Revenues show a rise of nearly 10 percent, to $3.4 billion from $3.1 billion. The company's stock value is up by $5.50, to $45.625, on the New York Stock Exchange. Orders for HP products are increasing the most internationally and more slowly in the US. Analysts think this news might signify an end of difficult times for the company. Hewlett-Packard cites new products and cost-cutting efforts to explain the turnaround.

Hewlett-Packard Co., HWP, Financial Report, First Quarter

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3Com posts a profit after all

Article Abstract:

3Com Corp earns money in the quarter ended on Aug 31, 1989, despite earlier announcements that there could be a loss. Still, reported profits represent a sharp decline. The company reports earnings of $1.2 million, or 4 cents a share, down by 83 percent from $7.1 million, or 25 cents a share, for the same period in 1988. Analysts say that microcomputer sales are in a slump, so that equipment to link micros into local area networks is not selling well. Moreover, 3Com entered this period lacking new products, which has compounded the company's problems.

Communications Equipment, 3Com Corp., COMS, Local area networks, LAN

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