Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

Nov 18 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerome who wrote (44204)	3/21/2001 1:13:10 PM
From: advocatedevil	Read Replies (1) of 70976

"Applied Materials CFO sees no positive sign of recovery" NEW YORK, March 21 (Reuters) - The chief financial officer of top semiconductor equipment maker Applied Materials Inc. (NasdaqNM:AMAT - news) on Wednesday said he sees no immediate signs of a recovery in the hard-hit sector. ``I have very low expectations,'' Applied Materials Chief Financial Officer Joseph Bronson said in remarks at the SEMIvest conference in New York. Bronson's prognosis for the sector -- battered by order cancellations as the chip makers they supply scale back production and expansion plans -- was worse than investors had believed, Merrill Lynch analyst Brett Hodess said. ``He's saying they just don't have the visibility,'' Hodess said. Asked during his presentation if he believed he had seen the end of month-to-month drops in bookings, Bronson said, ``No.'' ``There isn't any positive sign that I can see out there,'' Bronson said. Applied Materials shares rose $2-3/16, or more than 4 percent, to $45 in early-afternoon trading on Nasdaq. Semiconductor-related stocks generally were enjoying a strong day, with the Philadelphia Stock Exchange's semiconductor index (^SOXX - news) climbing more than 4.5 percent. biz.yahoo.com AdvocateDevil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next