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Technology Stocks : FSII - The Worst is Over?
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To: Donald Wennerstrom who wrote (1072)6/20/1997 4:05:00 AM
From: Kent Sarikaya   of 2754
 
After market close, APPLIED MATERIALS INC said it has failed to work out a payment plan for outstanding receivables with
Thailand-based Submicron Technology PCL and will take a charge in its 3Q of about $16 million. Applied Materials said it still
expects to earn about $0.67 a share in the 3Q, ended July 27, since the charge will be offset by an improved revenue outlook.
(Reuters 05:53 PM ET 06/19/97)

>>> I like the line... improved revenue outlook. I think things are going to really start happening for techs now. PC sales are going to be picking up again and also an asian manufacturer said that prices were going up because demand was picking up for wafers.
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