Signs that the semiconductor industry is recovering came with National Semiconductor's second quarter results, which saw both turnover and profitability up on the last quarter.
The company made profits of $29.5 million on turnover of $661.5 million. Although that still compares badly to the previous year, when the company made profits of $79.8 million on turnover of $711.6 million, the results are far better than anticipated.
Sales have risen by 17 per cent since the last quarter because of stronger demand for National's products. Brian Halla, president of National, said: ?The strength of sales and new order rates in October and November is encouraging, but we?ll wait until after the holidays to take the cork out of the bottle.?
National?s main business is now in the Lan arena. It offers the market leading 100Mbps transceivers and said its video display products performed well in the quarter, while PC and wireless telephone markets also grew strongly.
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