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

To: Proud_Infidel who wrote (3611)	10/16/2002 5:39:29 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Motorola cuts outlook for Q4 and 2003 Semiconductor Business News (10/16/02 12:46 p.m. EST) SCHAUMBURG, Illinois -- Motorola Inc. said today it now expects sales in the fourth quarter of 2002 to be approximately $7.1 billion, down about 5% from the previous guidance of $7.5 billion. For the full year of 2003 Motorola now expects sales revenue of approximately $27.5 billion, also down about 5% from previous guidance of $29 billion. The company now believes that if sales are at this level, earnings of 40 cents per share for the full year 2003 are achievable, barring any unforeseen political or economic disruptions or other events that cause the company to record special items of expense or income. This is down from previous expectations of 45 cents per share. The reduced revenue and earnings guidance is driven by slowing industry demand in a number of the company's end markets, in particular the wireless infrastructure, broadband and semiconductor businesses, Motorola said.