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Politics : Formerly About Applied Materials

AMAT 257.02

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3:59 PM EST

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To: Sun Tzu who wrote (51574)	9/6/2001 12:23:07 PM
From: michael97123	Read Replies (1) of 70976

Thursday September 6, 12:19 pm Eastern Time National Semi Q1 results in line with estimates SANTA CLARA, Calif., Sept 6 (Reuters) - National Semiconductor Corp. (NYSE:NSM - news) reported a fiscal first-quarter loss of 31 cents per share on Thursday, as the slump in chip demand continues. The company reported a loss of $54.6 million on revenues of $339.3 million for the quarter ended Aug. 31, compared with a profit of $149.4 million, or 76 cents per share, on revenues of $640.8 million in the same period a year earlier. Analysts on average had projected a loss of 31 cents per share on that basis, with forecasts ranging from a loss of 26 cents to a loss of 34 cents per share, according to Thomson Financial/First Call. National Semiconductor makes analog chips used in a range of computing, communications and industrial applications. Shares in the company, which have rebounded by 49 percent so far this year and outperformed the broad chip sector by a wide margin, were off 27 cents at $29.95 on the New York Stock Exchange before the earnings release.

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