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Technology Stocks : Rockwell on the prowl? -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (98)	11/5/1997 6:38:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 152

Earnings out. Mixed bag. Collins moving on four cylinders. k56 as expected is a drag. (COMS is likely realing) News Alert from AP Online via Quote.com Topic: Rockwell Intl Corp (New) Quote.com News Item #4456444 Headline: Rockwell Earns Drop 12 Percent ====================================================================== COSTA MESA, Calif. (AP) - Rockwell International Corp. said net earnings fell 12 percent during fiscal 1997, reflecting costs in launching its new K56flex personal computer modem and charges related to research and the spinoff of its automotive business. Earnings for the year dropped to $644 million, or $3.01 per share, down from $726 million, or $3.34 per share in 1996, the company said. Fourth quarter earnings, however, were up to $109 million, or 53 cents per share, compared with $97 million, or 45 cents per share, during the fourth quarter of 1996. Rockwell is in intense competition with 3Com/U.S. Robotics in the production of fast modems for PCs. Both companies hope their systems will be adopted as the industry standard. Earnings in the company's semiconductor systems unit also were hurt by lower prices for its older modems and chips. Semiconductor sales fell to $1.58 billion, down from $1.59 billion in 1996. Operating profits dropped to $231 million, down from $330 million. ''Semiconductor systems will be facing continued uncertainty in unit volumes and pricing in its served markets in 1998,'' said Don Davis, Rockwell's president and chief executive. ''We expect stronger performance in the second half of fiscal year 1998 ...,'' he said, adding the company also expects ''to return to our long-term growth targets in 1999.'' The slowdown in semiconductor sales was offset somewhat by an 8 percent sales increase in the automation unit, Rockwell's largest business. Sales rose to $4.5 billion, including a record $491 million in orders during September. Sales in the Avionics & Communications division rose 15 percent to $1.7 billion, up from $1.5 billion in 1996. Rockwell stock was down 68 3/4 cents per share to $49.06 1/4 in late afternoon trading on the New York Stock Exchange.

To: Carmine Cammarosano who wrote (98)	11/5/1997 6:45:00 PM
From: goldsnow	Respond to of 152

from ERICY thread k56 To: +steve berman (1019 ) From: +Alex Wednesday, Nov 5 1997 3:41PM EST Reply #1020 of 1020 56k Modem by Ericy! ERICSSON LAUNCHES 56 kbps MODEM WITH VOICE MAIL - MULTIFUNCTIONS OPENS UP MARKET FOR HOME AND SMALL OFFICES Ericsson's new modem Ericsson K 56DTVoice for speeds up to 56 kbps offers a range of new functions which makes Ericsson believe it will be a success on the market for small offices and home offices (SOHO) and to teleworkers. This fast modem is now available in Sweden and will be launched shortly throughout Europe. The modem also functions as an answering machine and then uses the PC hard disc to store incoming calls. The answering machine can be remotely monitored. The voice mail function follows the IS-101 AT+V standard and offers an array of advanced voice mail functions. For instance, incoming messages can be stored at different locations or be diverted to other phone numbers. Equipped with earphones and a microphone, the modem works like a telephone over the voice network and can be used for ordinary calls as well as three-way or conference calls. The modem can also be used as an Internet phone together with the software which comes as part of the package. The fax software Trio Datafax is also delivered with the modem. The Ericsson K 56DTV is upgradable and supports the new standard K 56 flex for data transmission speeds up to 56 kbps over standard telephone lines. A built-in flash memory makes it possible to upgrade the modem directly from the computer. "Ericsson continues to profile itself as a supplier of pioneering equipment even for small enterprises and advanced home users. It will be exciting to launch this new modem as it meets so many needs at the same time as it is one of the fastest on the market," said Peter Walan, responsible for modem sales in Sweden at Ericsson Business Networks AB. The price from the store for Ericsson K 56 DTV is estimated at approximately SEK 1,400 excl VAT, which is a very competitive price. Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications. FOR FURTHER INFORMATION, PLEASE CONTACT Peter Walan, Modem Sales Manager, Sweden, Ericsson Business Networks AB Tel. +46 8 422 1545, or +46 70 548 2070 Lena Hyttsten, Press Relations Manager, Business Unit Enterprise Networks, Ericsson Business Area Infocom Systems Tel. +46 8 422 0317, or +46 70 560 1016