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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Oblomov who wrote (30545)	10/23/2000 5:44:24 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

National Semiconductor(NSM) warns: biz.yahoo.com Monday October 23, 5:12 pm Eastern Time Nat Semi warns 2nd, 3rd-qtr sales may fall below 1st SAN FRANCISCO, Oct 23 (Reuters) - National Semiconductor Corp. (NYSE:NSM - news), a diversified maker of computer chips, on Monday said that sales in its current fiscal second quarter and in the third may fall below the first quarter's $640.8 million. The Santa Clara, Calif.-based chipmaker cited changes in the inventory that its mobile phone customers were making. Mobile phone makers have been hit by lower-than-expected demand, which has crimped sales and earnings forecasts. National Semiconductor said sales for the second quarter ending Nov. 26 will be 6 percent to 8 percent below first-quarter sales. National Semiconductor also said that while personal-computer-related orders are stronger, they are still below the company's expectations.``This may results in a drop of approximately 2.5 percentage points in gross margin from the 53 percent in the first quarter and a corresponding decline in earnings per share on unchanged operating expenses from the company's previous outlook,'' National Semiconductor said in a statement. Analysts forecast the company to earn 77 cents a share in the first quarter, according to First Call/Thomson Financial

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