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Politics : Formerly About Applied Materials

AMAT 260.77

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Dec 24 12:59 PM EST

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To: StanX Long who wrote (63342)	5/1/2002 1:17:40 AM
From: StanX Long	Read Replies (1) of 70976

Via earnings slump due to competition from Intel By Faith Hung EBN (04/30/02 11:59 a.m. EST) siliconstrategies.com TAIPEI, Taiwan -- Via Technologies Inc. said that earnings dropped in the first quarter as PC demand slowed and competition from Intel Corp. intensified. Via, the world's No.2 core-logic chipset design house after Intel, reported that net profit in the three months to March fell to $31.4 million, 52.2% lower than the $65.7 million profit in the year-ago period. Sales dropped 29% to $208.6 million in the same period. The latest earnings figure included a one-time gain of $6.9 million from selling stocks of a subsidiary. A lackluster PC market combined with tough rivalry from the Santa Clara-based powerhouse pushed down Via's market share to about 29%, sliding from a peak 40% in the first half of 2001, according to estimates from HSBC Securities Asia Ltd., Taipei. Via was especially hurt by a lack of a Pentium 4 license granted by Intel, making most tier-one motherboard makers unwilling to use Via's chipsets on concerns of possible patent infringement lawsuits. The two competitors have been in legal battles since last year, and analysts said it would take a while before something works out between the two.

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