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

To: StanX Long who wrote (62919)	4/18/2002 2:23:30 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Motorola believes chip business on track to reach profitability as early as Q4 Corporate management says 'asset light' strategy on schedule By J. Robert Lineback Semiconductor Business News (04/17/02 11:59 a.m. EST) siliconstrategies.com Motorola Inc. is aiming to push its recovering semiconductor business to the breakeven point in the next 12 months--perhaps before year's end. Officials today said the breakeven point in the first half of 2003 would be maintained by continuing cost cuts and increasing annual chip revenues to at least $4.9 billion, which is about 13% higher than the semiconductor division's ran-rate in Q1. Motorola's chip sales in 2001 were $4.94 billion, a 37% decline from $7.88 billion in 2000.