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Strategies & Market Trends : Asia Forum

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To: MikeM54321 who wrote (4166)6/4/1998 11:04:00 PM
From: MikeM54321  Read Replies (1) of 9980
 
Re: Asia did it to me.

Here's a big one right off the presses. Should be ugly for Motorola and may drag other techs with it:

Motorola warns it may post a loss Motorola Inc. (MOT) shares will likely get battered Friday after the company, saying it will take a special charge of $1.95 billion, warned it won't match Wall Street's second-quarter earnings expectations. The semiconductor and wireless equipment maker said results for the quarter will be "well below" the consensus estimate of 25 cents a share, and it may post a loss. The company cited deteriorating demand and global pricing pressure, primarily in its semiconductor business, due to weak economic conditions in Asia.
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