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Business 11 Jan 2003 | 12:00 AM

Seagate records revenue of US$1.7bil in second quarter

SEAGATE Technology Inc has reported consolidated revenue of US$1.734bil for its second fiscal quarter ended Dec 28, 2002; with its Asia-Pacific operations making the highest contribution of 34%.

Business 11 Jan 2003 | 12:00 AM

Cautiously bullish about timber recovery

SAME time last year, timber stocks were hardly in the radar screen of investors. Now, the sector may get the break it has long waited for.

Business 15 Jan 2003 | 12:00 AM

Skali in talks to select merchant banker for Mesdaq listing in Q3

E-BUSINESS systems provider Skali is currently talking to three merchant bankers and will be selecting one by the end of this month for its listing exercise on Mesdaq by the 3rd quarter of the year, according to its president Tengku Farith Rithauddeen.

Business 16 Jan 2003 | 12:00 AM

Intel 4th quarter profit almost doubles

Intel Corp, the world#8217;s largest maker of microprocessors, has posted fourth-quarter earnings that were almost double those a year earlier as revenues outpaced expectations on sales of higher-priced chips.

Business 16 Jan 2003 | 12:00 AM

Asia hot pick of investors in 2003

Global investors are playing it safe in Asian markets amid fears of a possible war in Iraq and tensions over North Korea#8217;s nuclear programme, but they are seen ready to scoop up Asian technology stocks later this year.

Business 17 Jan 2003 | 12:00 AM

Apple Computer suffers another quarter of net loss

Apple Computer Inc posted its second consecutive quarterly net loss as a restructuring charge related to job cuts and a plant closure offset a near 7% gain in revenues.

Business 18 Jan 2003 | 12:00 AM

Microsoft to pay first-ever dividend as earnings soar

Microsoft Corp has announced its first-ever dividend and a two-for-one stock split as it reported record sales and a quarterly profit that topped Wall Street expectations.

Business 18 Jan 2003 | 12:00 AM

US$2b Q2 net loss for Sun Microsystems

Server and software maker Sun Microsystems Inc has reported its largest net loss to date after taking more than US$2bil in acquisition-related charges, but managed to squeeze out a small operating profit thanks to stronger pricing and lower-than-expected component costs.

Business 19 Jan 2003 | 12:00 AM

US stocks down as giants slide

B>NEW YORK:/BInvestors sold off stocks on Friday, pushing the Nasdaq to its biggest percentage loss in a month as poor outlooks from Microsoft Corp and International Business Machines Corp sank hopes for a quick improvement in corporate profits in 2003.

Business 21 Jan 2003 | 12:00 AM

M’sia strongly tipped for rating upgrade

MALAYSIA is a strong candidate for rating upgrades, and 2003 could be a year when the country regains its A rating, said JP Morgan head of Asia sovereign research, David G. Fernandez.