National Semiconductor Corp.: The Santa Clara, Calif.-based...
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National Semiconductor Corp.: The Santa Clara, Calif.-based computer chip manufacturer reported a first-quarter net loss of $165.5 million, compared to a net loss of $21.9 million a year ago. Revenue rose 11% to $442.7 million. The firm cited several factors, including a seasonal slowing in shipments, pricing pressure in certain product areas and operating losses in the product areas identified during recent restructuring activity. As part of the restructuring, it said, it will cease development of very high-speed, high-density SRAMs (one megabit and above).
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