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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (126446)	2/1/2001 4:21:20 PM
From: Road Walker	Respond to of 186894

National Semi latest chip co to warn of lower profits SAN FRANCISCO, Feb 1 (Reuters) - National Semiconductor Corp. (NYSE:NSM - news) became the latest chip company to warn that quarterly results will lag forecasts as customers cut back on capital spending and work off excess inventories. The diversified maker of chips used in cell phones, personal computers, cars and myriad other devices, said on Thursday that for the third fiscal quarter of Feb. 25, it expected earnings per share to be 20 cents to 22 cents. That's considerably lower than the 31 cents-a-share consensus forecast by analysts, as compiled by First Call/Thomson Financial. Estimates ranged from 26 cents to 51 cents. Santa Clara, Calif.-based National Semi cited ``slower turns orders caused by demand uncertainties and inventory corrections in the distribution channel and personal computer and wireless handset markets.'' Turns orders are those received and shipped in the same quarter. National Semi follows Applied Materials Inc. (NasdaqNM:AMAT - news), the largest maker of chip production equipment, which warned on Monday that its fiscal first quarter results will lag forecasts. Chip giant Intel Corp. (NasdaqNM:INTC - news) also warned that first-quarter sales would be less than analysts had been forecasting. Shares of National Semi fell $1.39, or 4.8 percent, to $27.31, before the stock was halted pending the announcement. The shares have plunged from a record $85.69 last year, along with those of other semiconductor and high-tech firms. Email this story - Most-emailed articles - Most-viewed articles