Applied Materials No-Politics Thread (AMAT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMAT 327.01

+2.5%

Jan 16 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Big Bucks who wrote (6657)	8/6/2003 8:40:06 PM
From: Jong Hyun Yoo	Read Replies (3) of 25522

I placed a post sometime ago that states the possibility of Sass and David Wang departure from the company. Along with their departure, many senior managers that had close ties with them are also likely to leave the company. Unfortunately for AMAT, loss of Sass is huge as he had been an instrumental force in developing new products and aligning the company in the fast growing market segment. AMAT is prime for another layoff in the fall. The company needs to down size to about 9,000 employees in order to support EPS growth that would be comparable to other major competitors such as NVLS and LRCX. From 23,000 to 9,000, many many people have left AMAT. Looks like the dream of $20 billion dollar company is gone; 7~8 billion look like the peak revenue figure for next upturn for AMAT. Hope that the company improves operational efficiency significantly. Otherwise, AMAT stock has limited upside potential above $30 dollar level.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next