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

To: StanX Long who wrote (60180)	2/8/2002 3:24:52 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Philips Semi sales rise 5% from prior quarter but loss totals $254 million Semiconductor Business News (02/07/02 11:03 a.m. EST) siliconstrategies.com AMSTERDAM -- Royal Philips Electronics N.V. today reported semiconductor sales grew 5% sequentially in the fourth quarter to €940 million euro ($818 million) compared to its chip revenues in the third quarter. Philips Semiconductor revenues were 44% lower than sales in Q4 of 2000. Philips said its semiconductor subsidiary's operating loss was €292 million ($254 million) in Q4 of 2001 vs. a loss of €408 million ($355 million) in the same quarter a year ago. Restructuring and related charges for the closure of a wafer fab in France amounted to €65 million ($57 million), said the Dutch electronics giant. Overall, Philips Electronics reported its Q4 sales totaled €9.3 billion ($8.1 billion), a 16% decline from a year ago. Semiconductor, component and mainstream consumer electronics revenues were lowered by economic weakness worldwide, said Philips. The company's net loss for the fourth quarter was €1.1 billion ($957 million), including special charges and other items that lowered earnings by €959 million.