Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 261.90

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Dec 26 9:30 AM EST

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To: Kirk © who wrote (11147)	8/8/2004 9:59:59 PM
From: matt dillabough	Read Replies (1) of 25522

17:49 MXIM Maxim Integrated: Conference Call Summary (44.22 -2.36) -- Update -- On conference call, co guided the SeptQ above consensus to $0.42/$455 mln vs consensus of $0.41/$451 mln... says FY04 growth reflected growth in market share, orders improved from all geographies; net Booking of $535 were well ahead of the consumption levels; past several quarters consumption has increased from 6 to 12% sequentially... customers are booking above consumption levels in order to ease supply constraints... this is something that hasn't been seen in the last few years... as backlog moves to a more normal level, mgmt expects bookings to move more in line with consumption... decrease in turns was expected.. first time in many quarters, company was able to build inventory, of which $5M came from a new fab... co believes that there is very little inventory at their distributors... 41% of net sales were in Pac Rim ex-Japan... bookings from Europe were down; gross margins were 70.2% up as a result of product mix and operational efficiencies... operating margin improved to 46% and co expects that number to increase... co does not see any changes to FY05 Guidance.. During Q&A, says sees stock market completely disconnected with the industry; sees economy as strong... Asked why the conference call on a Friday night, co explains that the CEO had to fly to a tournament tomorrow... MXIM currently trading, albeit quite thinly, at $44.60 in after hours

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