Guidance and Visibility Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility

AAPL 268.55

+0.4%

Nov 19 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 2MAR$ who wrote (73)	6/15/2001 2:42:33 AM
From: 2MAR$	Read Replies (1) of 208838

Philips Semicon 25% lower guidance , also Charge On Top Of Announced Chgs AMSTERDAM (Dow Jones)--Royal Philips Electronics NV (PHG) Friday said it expects sales of its Semiconductors business to be around 20%-25% lower in the second quarter of 2001 compared with the first quarter. This, as well as reducing inventories and increasing price erosion, will lead to an operating loss of EUR175 million in the second quarter, Philips said. Philips said it will take a one-time pretax restructuring charge of about EUR90 million for the transfer of a production line from Albuquerque to Fishkill in the U.S. This charge is in addition to previously announced charges of EUR350 million to address structurally underperforming activities. It also said it expects to reach a "strategic decision" later this month on the future of the company's mobile-phone operations. Philips is expected to spin-off those operations. -By Arent Jan Hesselink, Dow Jones Newswires; 31-20-626-0770; arentjan.hesselink@dowjones.com (END) DOW JONES NEWS 06-15-01 02:37 AM * end of story *

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next