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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Richard Wang who wrote (17273)	6/7/2001 1:17:45 PM
From: J L Segal	Respond to of 30051

NSM posts loss, but sees positive signs SANTA CLARA, Calif., June 7 (Reuters) - National Semiconductor Corp. <NSM.N> on Thursday reported a fiscal fourth quarter loss on lower sales, but the chipmaker said there may be signs a recovery is on the horizon, as the company contends with an industry-wide inventory glut. "This was a tough quarter for our industry," said Brian Halla, chairman, president and chief executive. The Santa Clara, California- based company reported a loss of $44.4 million, or 26 cents per share, compared with net income of $134.2 million, or 68 cents per share in the prior-year period. Sales fell to $401.2 million from $595.3 million a year ago. The fourth quarter 2001 results include a net pre-tax charge of $33.4 million for one-time cost reduction actions, $16.2 million related to net investment write-offs, and $6.6 million in goodwill amortization. "It is possible that the worst bookings quarter may be behind us -- because we saw improved turns orders in May," said Halla. Turns orders are customer orders requested for delivery during the same quarter. ((--Nicole Volpe, New York Newsdesk (646) 223-6000)) REUTERS * end of story *