TRADE FOR MONDAY:
NSM: watch for a gap down followed by buying as an ideal entry. Otherwise, this is a go now, on a classic BTTT signal: timely.com
News:
Thursday December 9, 01:15 PM Eastern time
Company Press Release
National Semiconductor Reports Earnings of 37
Cents Per Share Excluding One-Time Gains for
Second Quarter of Fiscal 2000
SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 9, 1999--National Semiconductor
Corporation today reported net earnings of 70.4 million, or 37 cents per share, on sales
of 513.9 million for the second quarter of fiscal 2000, which ended Nov. 28, 1999. This
number excludes net one-time after tax gains of 21.6 million. Including these one-time
gains the company had net income of 92.0 million or 49 cents per share. In the
comparable quarter of fiscal 1999, which ended Nov. 29, 1998, the company reported a
net loss of 48.6 million, or 29 cents per share, on sales of 510.1 million, also excluding
one-time items. "This quarter gets us off to a good start, not only from the overall market
robustness but also as a direct result of our strategic positioning and our solid execution
on cost initiatives," said Brian L. Halla, chairman, president and CEO. "Bookings, sales
and earnings were well up, led by our analog business," Halla added.
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