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To: Gottfried who wrote (31577)	7/22/1999 7:25:00 PM
From: William Griffin	Respond to of 70976

This is certainly an odd article full of contradictions. Philips Electronics quarter profit falls Starting to see signs of regional improvement By Suzanne Miller, CBS MarketWatch Last Update: 4:36 AM ET Jul 22, 1999 NewsWatch AMSTERDAM (CBS.MW) -- Philips Electronics NV, Europe's biggest maker of semiconductors, said Thursday that second-quarter income from continuing operations fell to $287 million from $399 million a year earlier. The most recent results included an after-tax charge of $77 million (74 million euros). Profit from operations, meanwhile, fell 9 percent to 348 million euros, within the range of analyst expectations. Earnings per share fell to 1 euro from 1.06 a year earlier. Philips (PHG: news, msgs), which like its competitors has been struggling in the face of a global slowdown in semiconductor demand, said it starting to see signs of improvement in regions such as Asia and Brazil, while the U.S. economy "continues to be strong". The company said it expects consumer products, components, Origin and Medical Systems will show "solid improvement" in Ebitda and income from operations during the second half of the year. During the second half, the company said though that it will also take a charge of 100 million euros, in addition to a "small operational loss" to cover consolidation costs for its VLSI. Overall, Philips said it's still planning for "double digit" growth in earnings from continuing operations this year.

To: Gottfried who wrote (31577)	7/23/1999 8:26:00 AM
From: Tito L. Nisperos Jr.	Read Replies (2) \| Respond to of 70976

Gottfried, Nice way to describe the Market. Each of us have his own visualization of the Market. For instance, my Armenian/American friend and former co-worker thinks of the Market as a Chicken: --- Hit with a stick on the head, the Chicken sprawls to the ground kicking in the air, stops, then slowly gets up only to be hit on the head over and over again. The Amazing thing is that the Chicken manages to Grow Up, have Chicks that also get hit on the head as they grow up. Yesterday while agonizingly watching AMAT sprawled on the ground kicking in the air, I remembered my friend. The man holding the Stick seemed to me like Alan Greenspan!