If AMAT's report and grim outlook does not start the down wave in the SCE sector, I don't know what will.
Applied Materials see 1st-qtr sales of $1 billion
SAN FRANCISCO, Nov 14 (Reuters) - Applied Materials Inc. (NasdaqNM:AMAT -news), the No. 1 maker of semiconductor manufacturing equipment, said on Wednesday that it expects fiscal first-quarter sales of about $1 billion, down from $1.26 billion in the fourth-quarter.
Joseph Bronson, chief financial officer at Applied Materials, made the projection on a conference call to discuss its financial results.
Applied will be ``profitable or incur a small loss'' in the first quarter, Bronson said.
Analysts now expect the company to have per-share profits of 4 cents, within a range of a profit of 8 cents to a loss of 1 cent, on sales of $1.19 billion, according to Thomson Financial/First Call.
Orders in the first quarter will be very close to fourth-quarter levels of $1.10 billion, or slightly below.
biz.yahoo.com
Current P/S ratio about 6, no earnings this Q or next. Inventory worst ever compared to sales. Why anyone would buy at these levels is beyond me. |
