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Technology Stocks : CYRIX / NSM
NSM 18.270.0%Jul 31 5:00 PM EST

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To: kash johal who wrote (30382)12/2/1998 5:02:00 PM
From: FJB  Read Replies (1) of 33344
 
Positive results from ADI seemed to spill over into NSM today.

In summary, Mr. Fishman said, ''We believe we are at the trough of what has been a very difficult period throughout the semiconductor industry, and that conditions will improve in 1999. In the short term, given continuing limited order visibility, short lead teams and a shortened first quarter due to the holidays, we believe it is prudent to plan for a relatively flat first quarter, followed by a pickup in revenues and profits beginning in the second quarter. We believe we will emerge from this difficult period as a stronger, better focused, more competitive company, with excellent prospects for gaining good operating leverage on increasing sales.''
biz.yahoo.com
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