Applied Materials (AMAT) 43.65 -1.19: -- Update -- On call, mgmt said that a few customers have publicly said that they are seeing a bottom which is encouraging. However, for a robust return, AMAT believes we need to see further reductions in inventory, especially in wireless....stock at 44.56.
Applied Materials (AMAT) 43.65 -1.19: -- Update -- On call, mgmt is seeing a shift from capacity orders to better technology orders. In other words, customers are not looking to buy equipment to make more chips, but rather are preparing for the next generation of equipment.....book-to-bill for JulyQ was 0.9-to-1...stock at 44.66.
Applied Materials (AMAT) 43.65 -1.19: -- Update -- On call, mgmt provides more colr on OctQ. "Orders will be weak, but equal to JulyQ." ...Also, "orders are bottoming out and we look for modest improvement early next year."...stock at 44.85.
Applied Materials (AMAT) 43.65 -1.19: -- Update -- On call, company provides guidance. For OctQ, mgmt is basically affirming guidance. They expect revenue to be flat with JulyQ which was $1.3 bln, in-line with consensus. On EPS line, company "expects to be profitable." vs consensus of $0.05....stock at 44.98.
Applied Materials (AMAT) 43.65 -1.19: -- Update -- On conference call, company said customers ordering above $10 mln fell to 14, from 19 last quarter....no guidance yet, stay tuned.....stock at 43.93.
Applied Materials (AMAT) 43.65 -1.19: -- Update -- On conference call, company conceded that order activity "weakened throughout the quarter in all areas." ....Company saw some push-outs of 300mm orders....stock at 43.93.
Applied Materials (AMAT) 43.65 -1.19: -- Update -- Orders of $1.21 bln in Q3 were a bit weak relative to expectations early in the quarter, but not bad relative to more recent fears; Merrill Lynch had cut their orders forecast to $1.0-1.1 bln from $1.2-1.3 bln just yesterday. Stock trading up to 44.30 after hours.
Applied Materials (AMAT) 43.65 -1.19: Reports Q3 net from ongoing ops of $0.05 a share, $0.02 better than consensus, vs yr-ago EPS of $0.70; net sales fell to $1.33 bln (consensus $1.3 bln), down 30% qtr/qtr and 51% yr/yr... will continue to reduce costs... orders for ion implant, process diagnostics and control and chemical vapor deposition products were sequentially higher than the prior qtr. |
