Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

3:59 PM EST

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To: akidron who wrote (21530)	7/10/1998 11:29:00 PM
From: Ian@SI	Read Replies (1) of 70976

Aki, I'm shocked! I had to agree with much of what you said. If the stated intent of most posters here is actually acted upon, I wouldn't be surprised to see AMAT pop well above 30 near the open Monday as the MMs take advantage of the "blind" market orders placed during the weekend. Carl Johnson has stated that this downturn won't end before 300mm ramp. If that's the case, then it could be a very long time before the semi equipment sector delivers market performance once again. After market close, APPLIED MATERIALS, the world's largest supplier of wafer fabrication systems and services to the global semiconductor industry, said it expects its financial results for the 3Q 1998 to be below expectations. The Company currently expects new orders of $600 million to $675 million, net sales of $850 million to $885 million and ongoing earnings of $0.15 to $0.18 per diluted share for the 3Q 1998. The ongoing earnings forecast excludes an estimated $25 million to $30 million restructuring charge (approximately $0.05 per share after-tax) associated with a Voluntary Separation Plan announced by the Company on May 26, 1998. AMAT will release its 3Q financial results on August 11, 1998.

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