Pros put chips on extended run-up in semiconductors
Article Abstract:
Stock market analysts predict an ongoing bull market for semiconductor company stocks that may last as long as four years. The semiconductor industry has been among the market's most successful industry groups in 1990, rising 24 percent. Semiconductor stocks are rising in part because computer makers are using more chips in each computer than they did in the past, and are purchasing more powerful - and more expensive - chips. Other growing uses for semiconductor chips include industrial-process control equipment, military electronics, car dashboard displays and consumer electronics products. Semiconductor stocks are known as volatile commodities but brokers are recommending them anyway, especially those of Intel Corp and Motorola Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Motorola profit surged by 63% in first quarter
Article Abstract:
Motorola Inc reports 1st qtr 1993 profits of $204 million, or 75 cents per share, up 63 percent from $125 million, or 47 cents per share, in 1st qtr 1992. Revenue advanced 19 percent from $3.05 billion to $3.63 billion. Motorola stock jumps $3.25 to $72 in New York Stock Exchange trading on Apr 12, 1993, the day the results are announced. Analysts had predicted earnings of 64 cents per share. Net margins rose from 4.1 percent in the year-earlier period to 5.6 percent. Semiconductor sales advanced 20 percent to $1.28 billion, sales of cellular telephones climbed 33 percent to $1.06 billion, and sales of other telecommunications gear, including pagers and two-way radios, gained 19 percent to $1.09 billion.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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MCI shares are being shed by big institutions, which fret over heated battle with AT&T
Article Abstract:
Institutions are letting go of MCI Communications Corp's stock because of increased marketing pressure being put on by AT and T. MCI stock was selling over $30 a share in early Nov 1990 but closed at $19.875 a share on Nov 30, 1990. AT and T is calling all of MCI's customers and trying to get them to switch; analysts believe that the number one long-distance carrier can succeed in calling every MCI customer in five months. MCI tries a similar campaign but it is costly and will take them about one year to reach all of AT and T's customers. Some analysts see MCI stocks continuing to fall for the next few quarters but believe the stocks will be above current levels in the long-term.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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