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April 25, 1988

NATIONAL SEMICONDUCTOR PROMISES STRONG FOURTH QUARTER; NAS DISK SHIPS SOARING

By CBR Staff Writer

National Semiconductor Corp, whose fiscal year ends in May, is looking for fiscal fourth quarter net profit to improve on the $14.7m it achieved for the March quarter, analysts heard late last week – and we look ahead to 1989 as a year when we fully expect to establish new revenue and earnings records, provided current business conditions continue, said executive vice president David Martin. The company, which did $8.1m net on $511.9m in last year’s fourth quarter, and $14.7m on $692.2m in the quarter just reported, says that chip orders over the past two months were 24% ahead of the levels for the previous quarter and that European orders were up 35% over those for the fiscal second quarter, while the rest of the world was up 20% to 25%. National Advanced Systems was seeing strong orders in Europe, and the company expects disk drive shipments to grow 35% overall this year, while in fiscal 1989, they are expected to grow by 90%.

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