UBS cuts earnings forecasts for S.Korean chip makers
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UBS cut its earnings forecasts and share target prices for South Korean chip makers Samsung Electronics and Hynix Semiconductor Inc., citing bigger-than-expected price declines for DRAM memory chips.
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Tyson Foods Inc  cut its 2007  earnings outlook on Wednesday primarily because of  higher-than-expected live cattle and hog costs and a decline in  beef revenue due to a disruption in South Korean beef trade.
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The research operation will be shuttered, sources close to the company said, since UBS already has coverage in the areas where Schwab&#39;s Soundview is strong.
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DALLAS -- Texas Instruments Inc., the leading maker of chips for cell phones, cut its profit and revenue forecast for the fourth quarter on Monday due to slower sales of semiconductors, and it warned that sales could weaken further early next year.
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Diebold Inc. (DBD.N: Quote, Profile, Research) , the leading maker of automated teller machines, on Monday reduced its third-quarter and full-year earnings forecasts as it absorbs
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The computer chip giant's management on Thursady lowered the company's financial projections after concluding businesses and consumers aren't in a spending mood.
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Texas Instruments Inc , the world's biggest maker of chips for mobile phones, narrowed its second-quarter revenue and earnings forecast on Monday and said calculator sales would be lower than expected.
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U.S. technology shares tumbled on  Friday after Intel Corp. INTC.O, the world's No. 1 chip  maker, slashed its revenue forecast, but blue chips were only  moderately lower as drug and industrial stocks gained.
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The information technology (IT) sector is expected to set the tone of the Korean stock market in the near term after Intel, the worldâs largest semiconductor maker, slashed its third-quarter sales forecast last Thursday.
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Shares of Intel fell sharply as the nation's largest semiconductor maker lowered its revenue and profit margin forecast.
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Intel Corp., the world&#39;s biggest maker of semiconductors, reduced its third-quarter revenue forecast Thursday, blaming lower-than-expected demand for flash memory and PC chips.
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Texas Instruments Inc , the  biggest maker of chips for mobile phones, on Monday reduced its  fourth-quarter earnings outlook on lower-than-expected chip  revenue.
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Texas Instruments Inc. (TXN.N: Quote, Profile, Research) , the largest maker of chips for cell phones, trimmed its third-quarter revenue outlook on Wednesday as customers
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MAKUHARI, Japan  - Global chip equipment sales are  expected to fall 5.15 percent in 2005, an industry group said  on Wednesday in a sharp reversal from its July forecast of  growth of 23.98 percent.
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ZURICH, Feb. 13  â The Swiss bank UBS said Tuesday that its fourth-quarter profit declined 47 percent, to 3.41 billion francs ($2.73 billion), from the year-earlier period, which benefited from the sale of assets.
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LONDON, September 20  - Samsung Electronics (SSUN.FSE) expects its global semiconductor sales growth to decline below 10% next year, from the estimated 20% for 2004.
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European stocks declined, led by food and beverage companies including Cadbury Schweppes Plc and Groupe Danone SA after Unilever, the world&#39;s largest maker of food and soap, cut its full-year earnings forecast.