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Politics : Formerly About Applied Materials

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To: Paul V. who wrote (63924)	5/21/2002 4:36:43 AM
From: StanX Long	Read Replies (1) of 70976

Chartered Semi raises revenue forecast By Jennifer Tan Tuesday May 21, 12:48 PM sg.news.yahoo.com SINGAPORE (Reuters) - Chartered Semiconductor Manufacturing, the world's No. 3 contract chip maker, has raised its revenue estimate and cut its second-quarter loss forecast as the industry rebound gathers steam. Singapore-based Chartered now expects revenue to rise by about 40 percent from the first quarter's US$84.4 million, compared with previous guidance of a 25 percent increase, thanks to stronger orders in the communications and computer markets. Including Chartered's share of Fab 5 (Silicon Manufacturing Partners), revenue for the three months to June 30 is expected to rise by 45 percent versus earlier guidance of 30 percent. "The acceleration in orders, which we began to see in late March, has continued into the quarter," chief financial officer Chia Song Hwee said in a statement released after the New York market close on Monday. "Having set a target in April to more than double Chartered's revenues between the first and fourth quarter of this year, this added momentum is very encouraging." The company's loss per American Depositary Share (ADS) is expected to be about 76 U.S. cents to 77 cents for this quarter, compared with prior guidance of a loss of 82 cents to 84 cents. Its net loss is now forecast at about $105 million to $107 million, down from $113 million to $116 million earlier.

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