Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Francis Chow who wrote (59460)	7/7/1998 11:19:00 PM
From: TTOSBT	Respond to of 186894

Re: "Motorola says Asian impact will continue for at least rest of 1998:" Here is exactly what they said about Asia: "As we indicated last month, the second-quarter results reflect further slowing of demand and continuing global pricing pressure, principally in the semiconductor products and messaging, information, and media segments, and driven primarily by economic conditions in Asia," Motorola president Robert Growney said in a statement. Added chief executive Christopher Galvin: "The currency-related impact on pricing and consumer confidence continues to affect the Asian region and Motorola. The negative impact on our business is likely to continue for at least the remainder of the year." Among technology companies, Motorola has been one of the hardest hit by the Asian economic crisis, but some analysts say the company must share some blame for its financial woes. "In the next few days," Galvin continued, Motorola will announce a "communications enterprise" that links together all of the company's communications businesses." Don't think INTC is in the same boat as them. TTOSBT