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: Sun Tzu who wrote (5822)	3/12/2003 8:57:05 PM
From: Proud_Infidel	Read Replies (3) of 25522

Applied Materials sees China orders flat to 15 pct up Wednesday March 12, 8:52 pm ET SHANGHAI, March 13 (Reuters) - Applied Materials Inc (NasdaqNM:AMAT - News), the world's largest maker of semiconductor production equipment, expects orders from China to stay flat or rise 15 percent this year from 2002, a senior executive said. But sales during the year should leap 50 percent from 2002, maintaining a strong pace of growth as the U.S. company fulfills an order backlog, said Naisin Lee, Applied's China president. China is one of the fastest-growing markets for Applied, which like everybody else is coping with the industry's worst downturn. Executives said Applied's China operations booked about $500 million in orders in 2002. "We have enough backlog to fill next year as well," Lee told Reuters on the sidelines of a chip conference in Shanghai. "Booking-wise we'll be flat from last year. But maybe about a 15 percent increase -- that depends on several major companies, how fast they move," he said in an interview.

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