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Politics : Formerly About Applied Materials
AMAT 328.14-3.9%2:29 PM EST

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To: Big Bucks who wrote (17593)3/12/1998 10:26:00 AM
From: akidron   of 70976
 
When is a backlog not a backlog at all

"Due to possible customer changes in delivery schedules and cancellation of orders, the Company's backlog at any
particular date is not necessarily indicative of actual sales for any succeeding period. A reduction of backlog during any
particular period could adversely affect the Company's future results of operations."

and what no credit squeeze!

"Many Asian countries are currently experiencing banking and currency difficulties that could lead to economic recession in those
countries. Specifically, the decline in value of the Korean currency, together with difficulties in obtaining credit, has resulted in
a decline in the purchasing power of the Company's Korean customers. This has resulted in some cancellations or delays of
orders for the Company's products from Korean customers and may result in additional cancellations or delays in the future. In
addition, if Japan's economy remains stagnant or weakens further, other economies could be adversely affected and capital
equipment investments by Japanese customers could decrease. Net sales to customers located in Korea and Japan for the first
fiscal quarter of 1998 were 4 percent and 17 percent, respectively, of the Company's total net sales."
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