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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (29558)	4/13/1999 6:20:00 PM
From: Sun Tzu	Respond to of 70976

OT -- In an upside down world, Taiwan files a complaint against US DRAM dumping. biz.yahoo.com ST

To: Sun Tzu who wrote (29558)	4/13/1999 6:48:00 PM
From: Perry	Respond to of 70976

MOT does look good and INTC always down plays their upcoming quarter just like Microsoft. Perry @@@@@@@@@@@@@@@ SCHAUMBURG, Ill. (CBS.MW) -- Motorola posted a first-quarter profit 4 cents Tuesday ahead of Wall Street's expectations as a snapback in demand for semiconductors boosted the technology bellwether's results. The manufacturer of chips, wireless phones and networking equipment, said it earned $171 million, or 28 cents a share, up from $142 million, or 23 cents the same period last year. Analysts surveyed by First Call expected the company (MOT: news, msgs) to earn 24 cents. Motorola said revenue for the quarter was rose 5 percent to $7.2 billion from $6.9 billion a year earlier. "Operating results reflect increasing market share in digital wireless telephones, stemming from the success of new products, and continuing improvements in the semiconductor business, which returned to profitability," said Robert Growney, chief operating officer. Motorola said it also continued to see increased benefits from its manufacturing consolidation, cost reduction and restructuring programs. For tech investors, it was a crucial day as Motorola's announced results shortly after chip leader Intel issued its first-quarter report. Intel surpassed the First Call consensus estimate but it also said it expects second-quarter revenue slide. See full story. Last year, Motorola took a $1.9 billion restructuring charge, leading to an annual loss of nearly $1 billion. The reorganization includes a 18,000 reduction in Motorola's work force of 150,000. The Schaumburg, Ill.-based company said it has completed most of the employment reduction from restructuring programs, and is "pleased" that it was able to implement cost-reduction efforts quicker than expected. Motorola added that it expects to add engineering, marketing and customer response employees, in addition to normal job growth, as sales improve. Ahead of the news, shares of Motorola closed up 1 3/8 to 82 15/16.