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To: Paul Engel who wrote (69672)	12/9/1998 9:24:00 PM
From: puborectalis	Read Replies (2) \| Respond to of 186894

Paul,that's not constipation..that's OBSTRUCTION,requiring surgery.

To: Paul Engel who wrote (69672)	12/10/1998 2:17:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 186894

Paul, Re. The OTHER ceo You were right, it had to be Halla. ____________________________________________ Thursday December 10, 1:50 pm Eastern Time National Semiconductor reports second quarter loss SANTA CLARA, Calif., Dec 10 (Reuters) - The computer chip maker National Semiconductor Corp. (NYSE:NSM - news) said on Thursday it lost $94.4 million in its most recent quarter as costs related to layoffs and a terminated contract dragged down results that already were hurt by a 29 percent decline in sales. National said the loss amounted to 57 cents per share and came on sales of $510 million. A year earlier, the company earned $28.9 million, or 17 cents per share, on sales of $720 million. The period, the second quarter of the company's fiscal year, ended Nov. 29. Excluding previously announced one-time charges for layoffs and the termination of a manufacturing contract with International Business Machines Corp. (NYSE:IBM - news), the company lost $48.6 million, or 29 cents a share, in the quarter. ional said orders for all major product groups and from all geographic regions declined from the year-earlier period. (Grossly underperforming the sector average, IMHO--ibexx notes) However, orders in the quarter showed seasonal improvement and were up 12 percent from the first quarter. September bookings declined from strong August levels, improved in October and finished in November with the strongest bookings in 12 months, the company said. National's stock was down 31 cents at $16.31 on the New York Stock Exchange. With a deep sigh, Ibexx PS: No, I have no $$$ in this turkey.

To: Paul Engel who wrote (69672)	12/10/1998 7:37:00 PM
From: Diamond Jim	Respond to of 186894

Re: "NSM/Halla - they seem to be totally CONSTIPATED - lot's of input - NO OUTPUT !" 12/10 16:48 National Semiconductor reports second-quarter loss (previous Santa Clara, adds analyst comments, byline) By Therese Poletti SAN FRANCSICO, Dec 10 (Reuters) - Computer chip maker National Semiconductor Corp. <NSM.N> said on Thursday it lost $94.4 million in its second fiscal quarter as costs related to plant closures, layoffs and a terminated contract dragged down results that already were hurt by a 29 percent drop in sales. National said the loss amounted to 57 cents per share and came on sales of $510 million. A year earlier, the company earned $28.9 million, or 17 cents, on sales of $720 million. The period, the second quarter of the company's fiscal year, ended Nov. 29. Excluding one-time charges for plant closures and the termination of a manufacturing contract with International Business Machines Corp. <IBM.N>, the company lost $48.6 million, or 29 cents a share, in the quarter. The charges were previously announced. National said orders for all major product groups and from all geographic regions declined from the year-earlier period. Even so, the company's operating loss was narrower than expected. According to First Call, which tracks analysts' estimates, the consensus on Wall Street was for a loss of 49 cents a share, excluding charges. "It was better than I thought," said Jack Geraghty, a Gerard Klauer Mattison & Co. analyst. "Revenues were a little bit better by about $17 million." National's stock was down $1.625 at $15 on the New York Stock Exchange, amid a rout in technology stocks, especially the semiconductor sector. The Santa Clara, Calif.-based company said orders in the quarter showed seasonal improvement, rising 12 percent from the first quarter, mostly because its Cyrix business, which makes clones of Intel Corp. microprocesors and primarily targets the lower-cost segment of the personal computer market. "Overall, I am quite pleased with the progress in the second quarter," National Chairman and Chief Executive Brian Halla told analysts on a conference call. With the microprocessor business growing, National could see its total revenues grow in the third quarter by between 6 to 8 percent compared with the second quarter. In September, National ended its manufacturing pact with International Business Machines Corp.<IBM.N>, which was an alternate manufacturer of Cyrix processors. As a result, National is currently working on getting a new plant in South Portland, Maine, up to speed. National also makes chips that are used in communications, networking, industrial controls, and consumer markets. "Sales growth for the non-microprocessor business is conservative, given the lack of forward visibility," said Don Macleod, National's chief financial officer. He said he was looking for revenues from non-microprocessors to be little changed or perhaps slightly higher in the third quarter. "On the processor side, we do have room to continue to gain market share," Macleod said. The company said that it was gaining share in the market for processors used in personal computers costing $1,000 or less, where companies such as Compaq Computer Corp., IBM, NEC Packard Bell and others use Cyrix. National said its share of that market grew to 13 percent in the second quarter from 7.7 percent. National's September bookings declined from strong August levels, improved in October and finished in November with the strongest bookings in 12 months. Company executives declined to forecast when the chip maker might break even or return to profit. "We are still saying that $630 million (in revenues) is the break-even point," Macleod said. "We need to see how the market shapes up after Christmas to see how it pans out."