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Politics : Formerly About Applied Materials

AMAT 270.13

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Dec 11 3:59 PM EST

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To: Proud_Infidel who wrote (40452)	12/4/2000 10:15:59 PM
From: Proud_Infidel	Read Replies (1) of 70976

Semiconductor maker warns of slower growth By Bloomberg News December 4, 2000, 2:55 p.m. PT Xilinx, the No. 1 maker of programmable semiconductors, said revenue in the third quarter ending this month will increase 5 percent to 7 percent from the second quarter's, about half of the expected rise. Xilinx stock fell 12 percent to $36.75 after the forecast. Its shares had declined 8.3 percent this year. Xilinx said orders from several large North American customers were smaller than expected in November. Orders from Europe, Japan and Southeast Asia are on track, the company said. Inventory at the San Jose, Calif.-based company and its distributors is expected to be at the high end of its target of 150 to 180 days. On Wednesday, rival Altera said sales in the fourth quarter and 2001 would be lower than expected because of slower demand. Chips made by Xilinx and Altera can be upgraded with software to add features or to build prototypes of new products. That saves money for customers such as Cisco Systems, Nortel Networks and Lucent Technologies. Copyright 2000, Bloomberg L.P. All Rights Reserved.

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