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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 256.41+1.1%Dec 19 9:30 AM EST

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To: etchmeister who wrote (16891)12/19/2005 10:00:14 AM
From: Proud_Infidel  Read Replies (1) of 25522
 
TEL sees orders 15% ahead, says report

Peter Clarke
EE Times
(12/19/2005 8:42 AM EST)

LONDON — Orders for chipmaking equipment from Tokyo Electron Ltd. are likely to beat a previous forecast by 15 percent and bode well for the company in its next fiscal year, according to a Bloomberg report that referenced an interview by the company’s chairman.

The orders are up because chip makers are seeing demand for flash memory chips and driver chips for flat panel displays, the report said.

Orders are set to reach 150 billion yen ($1.29 billion) for the fourth quarter of 2005, the report quoted Terry Higashi, chairman of Tokyo Electron, saying in a Dec. 16 interview in Tokyo.

“The orders we are getting now will impact earnings in the next fiscal year,” the report quoted Higashi saying. “New models of our existing products should help us raise the operating profit margin to about 17 percent in two to three years, from about 10 percent now,” the report also quoted Higashi saying.

Tokyo Electron plans to release eight new models by March 2006, with the machines focusing on the production of 65-nanometer and 45-nanometer chips, the report said.

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