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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (4166)	6/4/1998 11:04:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: Asia did it to me. Here's a big one right off the presses. Should be ugly for Motorola and may drag other techs with it: Motorola warns it may post a loss Motorola Inc. (MOT) shares will likely get battered Friday after the company, saying it will take a special charge of $1.95 billion, warned it won't match Wall Street's second-quarter earnings expectations. The semiconductor and wireless equipment maker said results for the quarter will be "well below" the consensus estimate of 25 cents a share, and it may post a loss. The company cited deteriorating demand and global pricing pressure, primarily in its semiconductor business, due to weak economic conditions in Asia.

To: MikeM54321 who wrote (4166)	6/6/1998 2:08:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: Asia Warnings Diodes Inc. sees weak Q2 earnings WESTLAKE VILLAGE, Calif., June 5 (Reuters) - Diodes Inc. said Friday it expects second quarter earnings to be ''significantly lower'' than the year-ago net income of $1.2 million, or $0.23 per diluted share. Year-earlier second quarter sales were $15.5 million. The company also said in a statement that second quarter earnings would be lower than those of the first quarter as weakness in the semiconductor market continues. Analysts' earnings estimates for the second quarter were not available. ''Despite higher unit sales, the industry-wide lower average selling prices, coupled with the weakness of the Asian market, are adversely affecting the company's revenues and gross margins,'' said President Michael Rosenberg. '' ''Because these adverse market conditions are still with us andhave in fact been more severe in the first two months of the second quarter, we expect second-quarter earnings to be significantly lower than earnings in the first quarter,'' he said. Witco Comments on Second Quarter Revenues GREENWICH, Conn., June 4 /PRNewswire/ -- Witco Corporation (NYSE: WIT - news) today announced that sales in April and May were weaker than expected. This weakness is after taking into consideration the purposeful reduction in sales due to the divestiture of non-strategic businesses and product lines and the negative impact of the strong dollar. This weakness will likely cause Witco's earnings per share to fall below the $.39 to $.44 range and the $1.65 to $1.80 range of analysts' estimates for the second quarter and for the year, respectively. The company has not further quantified the expected final sales results or earnings for the second quarter or for the full year 1998. Factors that have contributed to reduced sales include, a greater than originally anticipated impact from the economic turmoil in Asia/Pacific, which has reduced the demand of customers located in that region and impacted the company's domestic customers as well, competitive pressures, and lower customer demand in selected markets that the company serves. Witco Corporation, with $2.2 billion in sales annually, is a global specialty chemical company providing high value specialty chemicals for a wide range of applications and markets worldwide.