Intel's profit dropped 29% in quarter
Article Abstract:
Intel Corp. posted net income for the 1998 second-quarter of $1.17 billion. This was a 29% fall compared to the same period in 1997. The company fell short of earnings predictions for the second-quarter of 1998. However, Intel made comments that could mean a leveling out of its fall in profits. The chip maker's revenues for the quarter were $5.92 billion. This was slightly lower than the same period in 1997.
Comment:
Posted net income for the 1998 second-quarter of $1.17 billion, a 29% drop from the same period in 1997
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Micron Technology reports loss that is smaller than expected
Article Abstract:
Micron Technology Inc. posted a lower-than-expected loss for the 1998 fiscal fourth-quarter. The financial figures showed that memory chip prices were beginning to stabilize. For the quarter ending on September 3, 1998, Micron posted $89.1 million in net losses. During the same period in 1997, the company posted $72.1 million in net income. Micron is expected to post a 54 cents per share loss.
Comment:
Posts a lower-than-expected loss for the 1998 fiscal fourth-quarter
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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