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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (11827)	1/20/1998 11:00:00 PM
From: jhild	Respond to of 22053

I think a name change for that thread is in order. Underpriced no more. In another development, here is a story from Nikkei.net about chipmakers spending that gives me pause. Big 5 Chipmakers To Cut FY98 Investment By Combined 10% TOKYO (Nikkei)-Semiconductor manufacturers NEC Corp., Toshiba Corp., Hitachi Ltd., Fujitsu Ltd. and Mitsubishi Electric Corp. are likely to slash their combined consolidated investment for fiscal 1998 by at least 10% from the 785 billion yen projected at the beginning of the current fiscal year, The Nihon Keizai Shimbun has learned. The cuts will peg capital spending below 700 billion yen for the first time in four years. The chip market has been slow because of sluggish personal computer sales and the Asian economic downturn. The five chipmakers all expect lower earnings this fiscal term, for the second straight year. Toshiba plans to reduce capital investment in chips by 10 billion yen or more. Toshiba originally planned to hold investment flat in fiscal 1998, but reported Tuesday it expects its group net profit to nose-dive 85% this fiscal year and sees no guarantee of an earnings recovery next term. Fujitsu, thus far the most aggressive of the five in investment strategy, will sharply scale back new plant spending. The company originally planned to spend about 150 billion yen to build a plant to process 300mm wafers in Fukushima Prefecture, but will now switch to older technology at a cost of about 100 billion yen. Mitsubishi and Hitachi both expect losses in their chip divisions, and both plan to cut at least 10 billion yen from investment outlays. NEC will maintain fiscal 1997 levels of investment. The combined chip investment for the five will fall for the third straight fiscal year from a peak of 886.7 billion yen in fiscal 1995. satellite.nikkei.co.jp

To: David Lawrence who wrote (11827)	1/21/1998 8:43:00 AM
From: Moonray	Respond to of 22053

Palmtops wrestle for market share Microsoft goes after 3Com's lead in personal organizers boston.com o~~~ O

To: David Lawrence who wrote (11827)	1/21/1998 8:49:00 AM
From: Moonray	Respond to of 22053

Rockwell Profits Drop 50 Percent (January 20, 5:24 pm) COSTA MESA, Calif. (AP) - Rockwell International Corp. on Tuesday said first-quarter profits fell 50 percent largely due to acquisition costs and weakness in its chip business. The lower results from semiconductors were partly offset by strong sales of automation and avionics equipment. Rockwell said it earned $89 million, or 43 cents per share, in its latest quarter. That was down from $179 million, or 81 cents per share, in the year-ago period. Revenues rose 7 percent to $1.98 billion from $1.85 billion. Rockwell said its profits would have fell to $152 million from $154 million, excluding a one-time charge for buying Hughes-Avicom, a maker of in-flight entertainment systems. It partly blamed a 47 percent drop in semiconductor profits, due to lower prices for its modem chips, delays in selling its new K56 flex modem and big investments in new product lines. Rockwell is competing with 3Com/U.S. Robotics, another maker of fast modems for personal computers. Both companies hope their system will be adopted as the industry standard. The drop was partly offset by profit gains of 10 percent in automation and 25 percent in avionics and communications. Rockwell's stock rose 87 1/2 cents a share to close at $52.87 1/2 on the New York Stock Exchange. o~~~ O

To: David Lawrence who wrote (11827)	1/21/1998 1:47:00 PM
From: Moonray	Respond to of 22053

Adaptec Plans Stock Repurchase Wednesday January 21, 10:47 am Eastern Time Jan. 20, 1998, Adaptec Inc. (Nasdaq:ADPT - news) said its board authorized the repurchase of up to 10,000,000 common shares from time to time in the open market. o~~~ O

To: David Lawrence who wrote (11827)	1/21/1998 2:21:00 PM
From: Moonray	Read Replies (3) \| Respond to of 22053

More: Two's Company for 56K Foes Lucent Technologies and 3Com declared a truce on Tuesday. The companies, which have released products based on mutually exclusive 56K-bps modem technologies, announced they have been conducting field trials of modems based on a tentative 56K standard. "This is our first step towards creating a marketplace," said Bob Rango, general manager of Lucent's modem and multimedia group. Lucent and Rockwell Semiconductor have supported K56flex, one 56K-bps technology, while 3Com has backed x2, its own 56K technology. The companies have waged a war of words since the two technologies were introduced in late 1996. But after the International Telecommunications Union (ITU) failed to produce a draft of a standard in September 1997, 3Com, Lucent and Rockwell began working together to sort out their disagreements before the ITU's next meeting, set for early next month. The companies in December announced an agreement regarding most technical issues and declared an ITU draft likely in February. But, while Lucent and 3Com have apparently buried the hatchet, Rockwell has remained independent. Neil Clemmons, 3Com's vice president of marketing, said Rockwell was invited to test its modems with the other companies, but declined. "We are hopeful they will participate," Clemmons said. A Rockwell spokeswoman said the company didn't participate because until the ITU releases a standard, the two companies "are guessing" about what the standard will be. "It's basically a non-event," the spokeswoman said. o~~~ O