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Politics : Formerly About Applied Materials

AMAT 319.11

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Jan 15 3:59 PM EST

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To: StanX Long who wrote (62973)	4/19/2002 12:43:24 AM
From: StanX Long	Read Replies (1) of 70976

Varitronix Profit Falls on Mobile-Phone Display Sales (Update1) By Alan Patterson quote.bloomberg.com Hong Kong, April 19 (Bloomberg) -- Varitronix International Ltd., which supplies flat-panel displays to mobile-phone makers, said profit narrowed because sales fell by about a fifth. The company reported net income of HK$44.6 million ($5.7 million), or 15 HK cents per share, compared with HK$200 million, or 69 cents a share a year earlier. Sales fell to HK$1 billion from HK$1.3 billion. The company, which has counted Motorola Inc., the second- largest mobile phone maker, among its customers, said sales to multinational companies fell by the largest amount. The company wrote off HK$42 million in stock at a Malaysian unit, which Varitronix said had the biggest decline in sales.

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