National reports third quarter down on 2000

National Semiconductor has reported net income of $48.9 million, or 27 cents per share, on revenues of $475.6 million for the third quarter of fiscal 2001, which ended the 25th February.

National Semiconductor has reported net income of $48.9 million, or 27 cents per share, on revenues of $475.6 million for the third quarter of fiscal 2001, which ended the 25th February.

This excludes a pretax charge of $12.1 million for in process R and D related to the acquisition of innoCOMM during the quarter.

Including that charge, the company reported net earnings of $39.2 million, or 21 cents per share.

In the comparable quarter last year, which ended the 27th February 2000, the company reported net earnings of $99.8 million, or 51 cents per share, on sales of $548.9 million before net gains from nonrecurring items of $228.0 million.

Including these net gains, the company had net income of $327.8 million, or $1.68 per share for the previous year's third quarter.

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