Profits up at Microsoft and Intel

Article Abstract:

Intel Corp reports earnings are up 17 percent for the 3rd qtr 1991, ended Sep 28, compared with the same period in 1990. Intel's net income for the 3rd qtr was $201.7 million, or 96 cents a share. Net income was $171.9 million, or 83 cents a share, in 1990. In other news for the semiconductor company, Intel has a law suit against Advanced Micro Devices Inc, which is selling a clone of Intel's 80386 microprocessor. Intel's sales are said to be down as a consequence of Advanced Micro's product introduction. In its lawsuit, Intel says Advanced Micro Devices copied Intel's microcode. Microsoft Corp reports revenue is up 57 percent and net income is up 64 percent for the 1st qtr of the fiscal year ended Sep 30, 1991, compared with the same period in the previous fiscal year. The computer software publisher's net income for the quarter is $144 million or 75 cents a share, which compares with $87.6 million, or 47 cents a share, one year ago. Microsoft's stock closes at $89.75 on Oct 10, up 25 cents. Intel's stock is up $3.50, closing at $42.

Semiconductors and related devices, Semiconductor industry, Microsoft Corp., Intel Corp., INTC, MSFT, Revenue, Third Quarter, Stock

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High-flying Oracle Systems expects to post first loss

Article Abstract:

Oracle Systems Corp will report its first-ever loss in the 1st qtr, which ended on Aug 31, 1990. The company has announced that growth for the quarter will be only 30 percent, rather than the 50 percent that had been projected. Therefore, expenses will be high, and Oracle now expects a loss of 20 cents a share. Oracle's shares fell $1.75, to $8.125, on Friday, Sep 7, having already fallen from a twelve-month high of $28.375.

Growth (Physiology), Growth, Computer Software Industry, Losses

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Oracle says earnings won't meet forecasts

Article Abstract:

Oracle Corp. scaled back expectations for the most recent quarter, estimating that it earned about $900 million in its third quarter, about $100 million less than it had expected. The announcement came as corporate customers continued to delay their orders for software. In the last six months, Oracle has lost roughly $169 billion in market value, with a decline in its shares of around 60 precent.

United States, Computer Software, Software Publishers, Software

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