The value of money, capital spending, and long term interest rates and how it re

National Semiconductor Corporation , headquartered in Santa Clara California , develops and manufactures semiconductor products for high growth markets in the electronics equipment industry . A pioneer in the semiconductor industry , National Semiconductor was established in 1959 Since that time , the company has been at the vanguard of revolutionary electronics technologies , with achievements ranging from the design and manufacture of the first transistors to the introduction of a sophisticated integrated-circuit product line . Today , National Semiconductor is an acknowledged leader in the design and manufacture of analog and mixed-signal semiconductor products - products that provide

access to the information highway

National Semiconductor technology shapes digital data into music voices , television shows , and computer displays . Its devices also move data through telephone lines , to and from satellites , and around computer networks . National creates the technologies that put digital power at one 's fingertips , connecting people to their world and to the power of the Internet . Under the leadership of Chairman of the Board President and Chief Executive Officer Brian Halla , National Semiconductor is looking forward to a successful future as one of the industry 's technology leaders . National has annual sales of approximately 2 .5 billion and 13 ,000 employees worldwide . National is committed to being an asset in each of these communities , not only through employment , but through contributions of leadership , volunteer time , equipment , and money

National Semi Condutctor pays special attention to the capital spending In February 2003 , it announced a series of strategic profit - improvement actions that are designed to accelerate the company 's return on investments and streamline its cost structure . Brian L . Halla National 's chairman , president and CEO said , that these businesses have an excellent future . But at this point , to achieve that future requires more capital spending than we are prepared to invest . We have cast our nets far and wide , but in this challenging environment we are prioritizing R D spending on product areas that drive higher returns sooner

It is also important to mention that National Semi Condutctor invest in it 's employees . To support and encourage employee involvement in the community , National will match eligible contributions dollar-for- (up to 500 per employee per year for Charitable Gifts and up to 1000 per employee per year for Educational Gifts . In addition , employees who volunteer their time on a regular basis can apply for a 500 grant for the organization in which they volunteer . In Fiscal Year 2003 , National employees and the company contributed over 768 ,000 to 800 nonprofit organizations and schools in the United States

Speaking about the value of money and long - term interest rates , it is important to mention that National Semiconductor Corporation regularly demonstrate growth in revenues and in net income . For example Corporation reported fiscal 1996 second quarter revenues of 711 .6 million , a 22 increase over the comparable quarter last year . Net income for the quarter ended November 26 , 1995 was 79 .8 million , or 57 cents per share (fully diluted , compared with 67 .0 million , or 49 cents per share...