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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (4256)	12/9/1997 8:01:00 PM
From: dennisp	Read Replies (1) \| Respond to of 120523

Dow Jones Newswires National Semiconductor Corp., which hopes to make a dent in Intel Corp.'s dominance of the chip business, Tuesday announced a better-than-expected 11% increase in fiscal second-quarter earnings. For the period ended Nov. 24, Santa Clara, Calif.-based National Semiconductor said net income came to $28.9 million, or 17 cents a share, compared with $26.1 million, or 16 cents a share, in the year-earlier period. Revenue increased 4.8% to $719.9 million. However, the latest results include an acquisition-related charge. Excluding the charge, National said it would have posted earnings of $72.5 million, or 46 cents a share. The mean estimate of analysts surveyed by First Call was for earnings, excluding charges, of 44 cents a share.