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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (2902)	9/5/2002 10:47:45 AM
From: Proud_Infidel	Respond to of 25522

ON Semiconductor Warns on 3rd-Quarter Revenue Thursday September 5, 10:27 am ET PHOENIX (Reuters) - ON Semiconductor Corp. (NasdaqNM:ONNN - News), which makes power and data-management chips for electronics, appliances and automobiles, on Thursday warned that third-quarter revenue would be unchanged to slightly lower compared with a year earlier, hurt by the economic slowdown. "As we expected, the automotive market is seasonably down due to model changeovers. The consumer market remains somewhat soft, but we've limited the effect on our revenues by our further penetration of the game-console arena," Steve Hanson, president and chief executive of ON Semiconductor, said in a statement. Hanson said the wireless market continues to show strength. Company officials could not be immediately reached for more details. ON Semiconductor is the latest company to fuel worries about a recovery in the chip industry. On Wednesday, National Semiconductor Corp. (NYSE:NSM - News), a broad-based chip firm often seen as a useful gauge for the sector, also warned that revenue in the current quarter would fall short of expectations. Intel Corp. (NasdaqNM:INTC - News), the world's largest chip maker, is expected to issue its mid-quarter business update later on Thursday. ON Semiconductor said it expects gross margins to expand by about 1 percent in the third quarter, helped by its new higher-margin products and cost cutting. Shares of ON rose 2 cents to $1.82 on Nasdaq in morning trade.

To: Cary Salsberg who wrote (2902)	9/5/2002 10:55:40 AM
From: Proud_Infidel	Respond to of 25522

If you liked it at 10.22, you should love it at 8.38. Children should love candy too. But if a child is hit every time he/she goes for a piece of candy in a jar, he will sooner or later develop an aversion for the sweet stuff and will stay away from the jar. I believe that that is what is happening right now to many people, including myself. I would add that the aversion development in both cases is not irrational, rather is based upon one's prolonged exposure to negative experiences. Brian