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Technology Stocks : Benchmarq Micro(BMRQ)

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To: Teri Skogerboe who wrote (295)	3/23/1998 9:24:00 AM
From: Greg Thornton	Read Replies (1) of 313

Story posted Friday (bad news): Circuit-Maker Benchmarq Issues Cautious Outlook For 1st Quarter Dow Jones Online News, Friday, March 20, 1998 at 19:01 DALLAS -(Dow Jones)- Benchmarq Microelectronics Inc. said Friday that it expects to report a "nominal" profit in the first quarter and issued a cautious outlook for the second quarter because of margin declines. The maker of integrated circuits and modules for computers attributed the declines to the combined effects of price pressure, in large part due to the Asian currency devaluation, and reduced factory utilization. Although it didn't give a specific forecast, Benchmarq expects first-quarter operating income, excluding the charges related to the pending merger with Unitrode Corp., to be about half that of the fourth quarter due to lower revenue and margin declines. Hopefully UTR will keep the stock from dumping too badly, and hopefully the merger will still happen!

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