National Semiconductor warned yesterday that it will make a bigger than expected loss in the second half of 1998.
The prediction came as the chipmaker announced its fourth quarter results, which showed a net loss of $69.3 million on turnover of $510 million.
In an official statement, Natsemi said it was "very cautious" about the outlook, particularly in the PC arena. "The company expects overall revenue for the first half of fiscal 1999, to be down from the level of revenue recorded in the second half of fiscal 1998, resulting in a significant net loss for the first half of fiscal 1999," it said.
Earlier this year, the company announced it would lay off 1,400 of its staff as it prepared to consolidate its operations and integrate recently acquired processor maker Cyrix.
Last June, its CEO Brian Halla said there was evidence of a pick-up in the semiconductor market. But the company's grim forecast this week further underlines the uncertain state of the semiconductor market in general, especially in the PC arena. As well as selling Cyrix Intel compatible processors, Natsemi also makes other components targeting the PC market.
Earlier in the week Applied Materials, which supplies machines and other materials used to kit out chip fabrication plants, showed a large drop in both net profit and turnover for its financial year.
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