Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Proud_Infidel who wrote (2067)	8/5/2002 8:20:02 AM
From: Proud_Infidel	Read Replies (1) of 25522

Tool makers to have rough start in Q4, says report Semiconductor Business News (08/05/02 02:00 a.m. EST) MINNEAPOLIS -- It could go from bad to worse for chip-equipment vendors in 2002. Tool orders could fall by 20% or more in September, as compared to the current month of August, according to a report from U.S. Bancorp Piper Jaffray here today. The report implies that tool makers could be in for a rough time in the fourth quarter of 2002. Many tool makers were expecting a mild recovery in the fourth quarter, but recent cuts in capital spending have dashed those hopes (see July 25 story ). Now, tool orders could be “sequentially down 20% or more in September,” according to Piper Jaffray. “This is obviously worse than the 10% decline recently guided by NVLS (Novellus Systems Inc., flat to down 10% from LRCX (Lam Research Corp.) and flat order guidance from KLAC (KLA-Tencor Inc),” the report said. “AMAT (Applied Materials Inc.) appears to be ramping down faster than NVLS. This suggests that orders could decline more than 20% for AMAT in October,” the report added.

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