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Politics : Formerly About Applied Materials
AMAT 268.72+1.3%Dec 3 3:59 PM EST

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To: Proud_Infidel who wrote (19922)6/4/1998 9:32:00 PM
From: Investor2  Read Replies (2) of 70976
 
Re: "At least AMAT can claim cyclicaity and overcapacity as their nemesis. What is MOT's excuse?"

MOT offered several excuses for the $2 billion write-off and 15,000 layoffs that will come soon.

"Even before the charges, the company could report an operating loss for the second quarter as a result of deteriorating demand and global pricing pressure, principally in the semiconductor products segment, due primarily to, economic conditions in Asia, the semiconductor and telecommunications products company said."

Best wishes,

I2
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