Harris finally digests big semiconductor acquisition; company is turning the corner following purchase of GE business

Article Abstract:

Harris Corp's semiconductor unit, purchased in 1988 from General Electric Co, reported improved net income for 1st qtr, 1993, after reporting earnings rather than losses for the first time in the 4th qtr, 1992, and the company hopes to steadily improve earnings. Harris expects its semiconductor unit to achieve the company's goal of 12 percent capital return in the 1994 fiscal year. Analysts and the company agree that earnings could be in the 40 to 50 cents-per-share range, whereas they were 33 cents per share in the previous fiscal year. The semiconductor unit had slowed the company's earnings at first, but now analysts say the losses appear to be reversing themselves. Stock prices for the company have risen to $30.375 on the New York Stock Exchange in trading Oct 12, 1992. However, the company must still face the consequences of defense spending cuts and the continued semiconductor industry slump.

Semiconductors and related devices, Electronic components, not elsewhere classified, Mergers, acquisitions and divestments, Management, Harris Corp., HRS, Company Profile, Revenue, Stock, Acquisition, Financial Report, Harris Corp. Semiconductor Group

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Novellus estimates fourth-quarter net soared 68% to 79%

Article Abstract:

The semiconductor equipment maker Novellus Systems Inc expects to report significantly higher earnings for 4th qtr 1989. The company makes an $800,000 machine that performs chemical vapor deposition for use on factory lines making the most advanced computer chips. Fourth qtr net income will be between $3.2 and $3.4 million on sales of $14.3 to $14.9 million, an increase of between 68 and 79 percent from the previous year. Novellus expects 1990 to be strong as well; it plans to expand its workforce by 30 percent and will diversify by introducing two new products. Novellus also says it plans stronger expansion into the Asian market which currently makes up 25 percent of its sales.

Novellus Systems Inc., NVLS, Financial Analysis Software, Semiconductor Industry, Fourth Quarter, Semiconductor Production Equipment

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Chip-making equipment orders slid in January

Article Abstract:

New semiconductor production equipment orders have slipped to $1.9 billion, off 21% since December and 15% since January. Companies like Applied Materials Inc. say that customer orders had fell or been cancelled in late January but most expect a rebound.

United States, Forecasts, trends, outlooks, Semiconductor Production Equip, Semiconductor Machinery Manufacturing, Statistics, Semiconductor production equipment industry

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