Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (51574)	9/6/2001 12:23:07 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Thursday September 6, 12:19 pm Eastern Time National Semi Q1 results in line with estimates SANTA CLARA, Calif., Sept 6 (Reuters) - National Semiconductor Corp. (NYSE:NSM - news) reported a fiscal first-quarter loss of 31 cents per share on Thursday, as the slump in chip demand continues. The company reported a loss of $54.6 million on revenues of $339.3 million for the quarter ended Aug. 31, compared with a profit of $149.4 million, or 76 cents per share, on revenues of $640.8 million in the same period a year earlier. Analysts on average had projected a loss of 31 cents per share on that basis, with forecasts ranging from a loss of 26 cents to a loss of 34 cents per share, according to Thomson Financial/First Call. National Semiconductor makes analog chips used in a range of computing, communications and industrial applications. Shares in the company, which have rebounded by 49 percent so far this year and outperformed the broad chip sector by a wide margin, were off 27 cents at $29.95 on the New York Stock Exchange before the earnings release.