Laptop Battery ChevronTexaco said today that its second-quarter earnings fell
81 percent after energy prices slumped and it reduced the value of
its
investment in Dynegy by $531
million.
laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Thinkpad Net income declined to $407 million, or 39 cents a diluted
share, in contrast to estimated combined earnings of $2.11 billion,
or $1.99 a diluted share, for the period a year earlier. Revenue
fell 15 percent, to $25.3 billion, from $29.7 billion.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Microsoft ChevronTexaco, created from Chevron's purchase of Texaco last
year, lowered the value of its 27 percent stake in Dynegy after
shares of the company tumbled. ChevronTexaco, based in San
Francisco, also made less
money producing energy as
natural gas prices dropped 22
percent.
-
A trademark of PCMCIA. related peripheral.
- A PCMCIA (Personal Computer Memory Card International Association) card.
- This term must be clarified as to whether PCMCIA is intended or another type of card for a PC compatible computer, such as ISA, MCA (Micro Channel Architecture) EISA or PCI.
- Any expansion card that might be used in a personal computer. The PC is first IBM Personal Computer sold in August '81. bit PC bus connector slots, ( bit ISA bus slots). bit slot compatible.
Laptop Computers ChevronTexaco valued its stake in Dynegy at $700 million, or
$7.20 a share, at the end of the quarter, John Watson,
ChevronTexaco's chief financial officer, said in a conference call.
It also holds convertible preferred shares, which it valued at $1.3
billion, he said. The company may take a further write-down this
quarter.
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Laptop Computer "Dynegy continues to be a problem," said Tim Ghriskey, a fund
manager with Ghriskey Capital Partners, which owns ChevronTexaco
stock. "Trying to prop up Dynegy in this environment isn't the best
strategy."
related costs of $80 million reduced earnings by 2 cent a share in the third quarter. Net sales for the third quarter were $75.4 billion, an increase of 10.1 percent over $68.5 billion for the same period last year. Mart's earnings to be 57 cents a share, so it came as no surprise to the market when the retail giant released its third quarter results. Mart Closed Monday at $49.30, up 30 cents or .6 percent.
Desktop Computer ChevronTexaco had one-time costs of $753 million, including the
write-down of its Dynegy stake and merger expenses. Without these,
profit would have been $1.23 billion, or $1.16 a diluted share, it
said. Analysts had expected the company to earn $1.37 a diluted
share.
Notebooks Dynegy said today that it had a second-quarter loss of $328
million, or 92 cents a diluted share, compared with earnings of
$146 million, or 43 cents a diluted share, for the quarter a year
earlier. Revenue fell 8.4 percent, to $9.9 billion from $10.8
billion.
Lenovo The company, which agreed on Monday to sell its Northern Natural
Gas pipeline to MidAmerican Energy Holdings for $928 million,
expects per-share profit for the year of about 41 cents, less than
an earlier forecast of $2 to $2.05 a share.
Hard Drive Shares of ChevronTexaco fell $1.38, to $73; Dynegy gained 54
cents, to $1.74.
Travelstar By Bloomberg News - 7/31/2002
Topic: Petroleum Industry
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