EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: 2MAR$ who wrote (408)	1/12/2001 5:53:29 PM
From: 2MAR$	Read Replies (1) of 762

Motorola ($22 1/2) Says Chip Industry Growth to Drop NEW YORK (Reuters) - Telephone handset maker Motorola Inc.(NYSE:MOT - news) on Thursday said it expects growth in the semiconductor industry to drop to 10 to 15 percent in 2001, down from 36 percent growth in 2000. The company said the slowdown in the chip industry will pressure its sales and margins in the first half of 2001. In the second half, it should show improvements with semiconductor sales and margins increasing sequentially, Motorola said. On Wednesday, Schaumburg, Ill.-based Motorola said its fiscal fourth-quarter sales of semiconductor products rose 7 percent to $1.9 billion, but orders fell 19 percent to $1.6 billion, hurt by lower orders in all regions. The semiconductor unit's fourth-quarter operating profits rose to $158 million from $80 million a year ago. The segment reported a profit margin of about 8.3 percent, better than analysts had expected

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