CHIP MAKER DIODES SEES `SIGNIFICANT' EARNINGS DIP.Byline: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. Rivero Daily News Staff Writer Blaming an industrywide in·dus·try·wide adv. & adj. Throughout an entire industry: sales that have decreased industrywide; industrywide cooperation. slump Slump A temporary fall in performance, often describing consistently falling security prices for several weeks or months. in semiconductor prices and the Asian currency crisis, Diodes Inc. said Friday that it expects to post ``significantly lower'' second-quarter earnings than it did in 1997. It's too early to say precisely how far this quarter's results will fall, said spokesman Philip Bourdillon. ``We chose to say `significantly' - that's as precise as we can go at this point with three weeks left in the quarter,'' he said. The company expects to release the second-quarter results during the week of July 27. Those results will reflect a downward trend the company also saw in its first quarter, when per-share earnings fell by 3 cents from fourth-quarter 1997 results to 22 cents ($1.2 million). Second quarter 1997 net income had been $1.2 million, or 23 cents per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, on sales of $15.5 million. ``Because these adverse market conditions are still with us and have in fact been more severe in the first two months of the second quarter, we expect second-quarter earnings to be significantly lower than earnings in the first quarter,'' company President Michael Rosenberg Michael Rosenberg (born May, 1954 in New York) is one of the top Bridge players in the United States. He moved to Scotland as a child and returned to New York in 1990 where he lives with his wife Debbie, also a top player. said in a statement. The company's stock closed Friday at 7-1/8, down 3/4. |
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