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Politics : Formerly About Applied Materials

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To: Proud_Infidel who wrote (41836)	2/1/2001 6:00:36 PM
From: Proud_Infidel	of 70976

Slowdown in PCs and handsets forces National to lower quarterly projections Semiconductor Business News (02/01/01 13:52 p.m. PST) SANTA CLARA, Calif. -- Citing a downturn in orders in its wireless and PC chip businesses, National Semiconductor Corp. here today issued a sales and profit warning for its third quarter, which ends Feb. 25. The company said its sales for the quarter will range from $475 million to $480 million, which represents a sequential decrease of 24%-to-25.3% in the second quarter of this year. In the second quarter of this year, the company reported a profit of $106 million, or $0.56 a share, on sales of $595 million. During the third quarter, National said its earnings per share should range from $0.20 to $0.22 per share. Originally, the company was projected to earn $0.31 for the period, according to First Call/Thomson Financial. Shipments in the current quarter are impacted by slower turns orders caused by demand uncertainties and inventory corrections in the distribution channel and personal computer and wireless handset markets, the company said. Subject 50522

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