December 5, 1996 6:30 PM ET

National Semi earns $29.5M in Q3
By Margaret Kane

  Strong sales in the networking, wireless and PC markets helped National Semiconductor Corp. report net income of $29.5 million for its fiscal second quarter. That compares with earnings of $79.8 million in the year-ago quarter, the Santa Clara, Calif., company announced today.

Sales for the quarter were $661.5 million, compared to $711.6 million a year ago.

National CEO Brian Halla cautioned investors not to overreact to the earnings statement.

"The strength of sales and new order rates in October and November is encouraging, but we'll wait until after the holidays to take the cork out of the bottle," he said.

Halla said the Sunnyvale, Calif., company's book-to-bill ratio, which measures incoming orders against outgoing shipments, was 1.1 for the second quarter.

"We would be surprised if orders continued as strong throughout the holiday season - happily surprised," Halla said.

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