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Politics : Formerly About Applied Materials

AMAT 254.72

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To: John Trader who wrote (47067)	5/21/2001 4:48:31 PM
From: FJB	Read Replies (3) of 70976

Chartered Updates Outlook for Second Quarter 2001 ... Based on the company's current assessment, revenues for the second quarter will be down approximately 48% from the first quarter of 2001. This compares to prior guidance of a 25% decline. Average factory utilization is expected to be in the low 30s, and it is now anticipated that for the quarter, the company will record a loss in the range of US$0.76 to US$0.78 per American Depositary Share (ADS). This compares to prior guidance of a loss of US$0.50 to US$0.52 per ADS. ``Given the current turbulent market environment, it is difficult to predict revenue trends in the coming quarters for both the industry and Chartered. Our belief continues to be that based on historical patterns and on the severity of the decline seen in the first two quarters of 2001, Chartered's revenues will increase sequentially in both the third quarter and the fourth quarter,'' said Barry Waite, president & CEO of Chartered. ... biz.yahoo.com

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