The Black Box

[mjk]

This from national today...rather than look at the positive, all I heard all day was how they took a one-time gain to help earnings...I think this is exactly the attitude we need on these boards.

SAN FRANCISCO (Reuters) - National Semiconductor Corp. (NYSE:NSM - News), a maker of chips used to manage power consumption in electronics, on Thursday said quarterly profit rose, helped by a one-time gain and a tax benefit, and it forecast a smaller-than-usual sales decline in the current quarter.

The chip maker also said most of the inventory reductions by its distributors were behind it, and its stock rose 4 percent on the New York Stock Exchange.

"We can believe them this time that the inventory correction pretty much will be over," said Chief Executive Brian Halla, speaking about the company's distributors. He added that here could be "dribs and drabs" of inventory problems over the next couple of weeks.