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

To: Proud_Infidel who wrote (8837)	2/10/2004 11:35:35 AM
From: Proud_Infidel	Respond to of 25522

Philips back in the black, semiconductors also profitable By Peter Clarke Silicon Strategies 02/10/2004, 8:00 AM ET EINDHOVEN, The Netherlands -- European consumer electronics giant Royal Philips Electronics NV recorded a net profit of 598 million euros (about US$760 million) in the fourth quarter after a loss of 1.5 billion euros (about US$1.9 billion) a year earlier. Sales were up slightly to 9,017 million euros (about US$11.5 billion) with all divisions making positive contributions to income the company said Tuesday (February 10, 2004). And after 10 quarters of losses, Philips' semiconductor division was profitable in Q4, supported by increased sales, improved margins, lower R&D spending, and the benefits of earlier restructuring programs. "We've become profitable by following through on the commitments we made - cutting over one billion euros in costs, restoring profitability to our semiconductors business (and) breaking even in consumer electronics in the U.S. by the fourth quarter," said Gerard Kleisterlee, Philips chief executive officer, in a statement. For the year, Philips made a net profit of 695 million euros (about US$885 million) compared to a loss of 3.2 billion euros (about US$4.1 billion) in 2002. The profit was made on sales of 29.0 billion euros (about US$37.0 billion) down from 31.8 billion euros (about US$40.6 billion) in 2002. Sales were down on negative currency effects, particularly the weakening dollar, and with currency effects excluded the company said sales adavanced 4 percent in 2003.

To: Proud_Infidel who wrote (8837)	2/10/2004 12:26:38 PM
From: Big Bucks	Read Replies (2) \| Respond to of 25522

Brian, the health of the global economy is directly proportional to the cost of oil.... OPEC is strangling global growth.....The US really needs to make significant deals with non-OPEC countries that produce oil to break this price gouging...A significant preferential 5 year contract with Russia would do it, IMO. To do this could be Bush's best economic stimulous move, IMO....Buy oil at $24/bbl. Once the US set the precedent, other countries would do the same... OPEC would collapse. whatever happened to consumer buying power/leverage?