View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 23, 1997updated 05 Sep 2016 12:39pm

ROCKWELL REPORTS SOLID Q2 IN SPITE OF CHIP SLIP

By CBR Staff Writer

Rockwell International Corp’s second-quarter figures were strained slightly because profits at its semiconductor systems business were down 13% from a year earlier as a result of the transition to making new K56flex modem chip sets. It expects shipments of the chip sets to reach one million a month by the end of the current quarter. However, second quarter revenue growth was led by the industrial automation unit, where earnings were up 21% from last year; automation sales rose 10%, and avionics and communications earnings were more than double the year-earlier results, it said. Second-quarter net income from continuing operations – Rockwell recently announced the spinoff of its automotive business (CI No 3,122) and last August sold its aerospace and defense business (CI No 2,969) – was up 28% at $155m on revenue up 6% at $1.9bn.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU