Shane:
Sorry, I put the wrong link in my last post. Here is the news I was referring to and also the line I was referring to (highlighted in bold):
Headline: Applied (NASDAQ:AMAT) sees $0.35-$0.38 EPS in Q2
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SAN FRANCISCO, Feb 10 (Reuters) - Applied Materials Inc
chairman and chief executive James Morgan said he is looking
for second quarter earnings in the range of $0.35-$0.38 a share
and revenues in the range of $1.15-$1.20 billion.
He said Applied is now forecasting new orders averaging
about $1 billion a quarter for the rest of the year, due to the
ongoing uncertainty in Asia, particularly in Korea and Japan.
This compares with $1.29 billion in first quarter.
"Revenues will be down and bookings will be down," Morgan
said in a brief interview. Applied reported on target first
quarter earnings of $0.52 a share, excluding one-time items.
Applied said that uncertainties in Korea and Japan were
effecting the demand for semiconductors and capital equipment
in those regions, with financing difficulties by the Korean
chip makers, falling memory chip prices and excess
manufacturing capacity clouding the near term outlook.
"We are trying to figure that out," Morgan said, when asked
when things in Asia are expected to improve. "It depends on
several factors, what the overall economies are going to do."
But he said that the semiconductor industry is also moving to
new manufacturing technologies, and the chip makers who want to
participate "need to invest to play."
Is Morgan trying to put a positive on AMAT? Or does this outlook have an implication on LSI also?
Regards,
Addi Jamshidi |
