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Politics : Formerly About Applied Materials
AMAT 235.24+4.5%Nov 19 3:59 PM EST
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To: Lone Star who wrote (45381)4/12/2001 12:28:24 PM
From: Kirk ©  Read Replies (1) of 70976
 
If Lam truly believed in a June quarter turnaround, they wouldn't be laying off 15%.

Not at all. Orders were down 60% and they don't expect to see that rate for many quarters to come... They are adjusting head count to handle order visibility that they do have which is higher than current level but not expected to grow for a few quarters of relative flatness. Plenty of time to staff up again if high orders return faster.

Lack of "confidence" sounded like "shell shock" and they admitted as much.
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