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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Return to Sender who wrote (6694)	11/4/2002 5:00:07 PM
From: Return to Sender	Read Replies (2) of 95573

S&P comments on Applied Materials Monday November 4, 4:43 pm ET biz.yahoo.com (The following statement was released by the rating agency) NEW YORK, Nov 4 - Applied Materials Inc. (NasdaqNM:AMAT - News; A-/Stable/--) announced an 11%, or 1,750-position, reduction in workforce, recognizing ongoing weakness in the semiconductor industry. The Santa Clara, Calif.-based company will take a restructuring charge in the January 2003 first fiscal quarter. Standard & Poor's Ratings Services said that the announcement would have no effect on its rating or outlook on Applied Materials. Applied has maintained ample financial flexibility, with liquidity of more than $4.8 billion at July 31, 2002, substantially in excess of its $587 million debt. The company is the largest supplier of capital goods to the global semiconductor industry.

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