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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: kash johal who wrote (21888)	12/9/1997 11:54:00 AM
From: jad	Respond to of 33344

Kash: Just picked up another 5K at 29 on margin. On magin? Are you expecting a bouce soon? Joe

To: kash johal who wrote (21888)	12/9/1997 1:30:00 PM
From: Pravin Kamdar	Read Replies (2) \| Respond to of 33344

Kash, You've got guts. The stock is down over two dollars, now. Seems like the big players are getting out. I wonder if the CC is not going well. Pravin.

To: kash johal who wrote (21888)	12/9/1997 2:31:00 PM
From: Vic Breck	Read Replies (1) \| Respond to of 33344

From briefing Com. 12:15 ET ****** NATIONAL SEMICONDUCTOR CORP. (NSM) 29 1/8 -1 1/2. Shares of supplier of diversified semiconductor devices are trading lower this morning, even though the company managed to beat Wall Street estimates with its fiscal 2Q results, excluding charges. According to NSM, it earned $0.46 a share, excluding acquisition charges for the purchase of Cyrix, three cents ahead of the First Call estimate, and well above year-ago net of $0.16 a share. Sales for its core business were up 26% to $640.3 million as worldwide orders rose 8% from a year-ago led by strong demand for local area network orders, although its combined sales only increased 4.9% to $719.9 million. Gross margins for the core business rose to 43.6% from 38.3% in the year-ago period, while its combined gross margin was 39.4%, up from 36.3%. The company also reported progress with its Cyrix division, although this unit lost $17.8 million in the quarter on sales of $79.6 million. Nonetheless, NSM is encouraged by developments at Cyrix as "shipments of the MediaGX processor doubled in the November quarter over the August quarter." MediaGX will be critical in making the acquisition of Cyrix successful for NSM as the chip is the only integrated processor driving the sub-$1,000 PC market segment at the moment. Despite the improved results, the stock has not done as well during the past couple of months, trading lower from a high of $42 7/8 reached in early October. This of course is just prior to the Asian market problems becoming front page news, which only served to drive the stock lower on concerns that the Far East problems would spill-over onto to its bottom line.