Applied Materials No-Politics Thread (AMAT) Message Board

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

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Jan 30 9:30 AM EST

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To: Proud_Infidel who wrote (8867)	2/11/2004 5:07:29 PM
From: Proud_Infidel	Read Replies (2) of 25522

Applied's Q1 order rates to exceed projections Silicon Strategies 02/11/2004, 2:25 PM ET CHIGACO--Applied Materials Inc. is expected to meet its earnings forecast for its first fiscal quarter, but its order rates are projected to be above Wall Street's expectations, according to a report from Berean Capital Inc. "We expect revenues in the $1.35 billion range and EPS of $0.08 in line with consensus," said Vijay R. Rakesh, who watches the company with Berean, an investment banking firm in Chicago. Applied is expected to report its financial results on Feb. 18. In fiscal Q4 of 2003, Applied said sales were $1.22 billion. Net income for the fourth fiscal quarter of 2003 was $15 million, or $0.01 per share. In the first fiscal quarter a year ago, Applied said sales were $1.05 billion. The net loss for the first fiscal quarter of 2003 was $66 million, or minus $0.04 per share. "Orders are expected to be much stronger at 30-35 percent sequential bookings increase, versus the 20 percent guidance on strong bookings from the foundries -- TSMC, UMC and Inotera," according to the analyst.

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