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Strategies & Market Trends : Asia Forum
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To: MikeM54321 who wrote (5146)7/11/1998 5:41:00 PM
From: Michael Sphar   of 9980
 
Yet another preannouncement.

Applied Materials (AMAT) preannounces with bigtime bad news.
Here are some highlights if they can be so construed, revenue
decline trend looking serious:

"The Company currently expects new orders of $600 million to $675
million, net sales of $850 million to $885 and ongoing earnings of
$0.15 to $0.18..."

"their near-term effect on the semiconductor equipment industry will
be more severe than previously anticipated."

"The Company's customers are delaying orders, rescheduling equipment
deliveries and reducing spending on wafer fabrication support as they
evaluate the impacts of difficult economic conditions in Asia, DRAM
overcapacity and weaker than expected PC sales, compounded by a
movement to lower-priced (sub$1,000) PCs. Although these factors have
been present for some time, their near-term effect on the
semiconductor equipment industry will be more severe than previously
anticipated."

Quarter Ending
01/26/97 04/27/97 07/27/97 10/26/97 01/25/98 04/26/98 07/26/98
Revenue (millions)
835.8 900.9 1057.2 1280.4 1307.7 1176.3 885 (projected high side)
Net Income (millions)
29.6 102.1 186.6 180.1 228.9 141.2 68.3(projected high side)
<30.>(restructure charge)
Net Profit Margin
3.5% 11.3% 17.7% 14.1% 17.5% 12.0% 7.7%
Shares Outstanding (millions)
370.9 375.8 379.2 382.8 379.1 379.2

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