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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: robbie who wrote (25764)	10/26/1998 8:10:00 PM
From: blake_paterson	Read Replies (2) of 70976

<<bear sighting:>> <<"We are facing challenging market conditions that are expected to continue in the near term," cautioned Robert Akins, president and chief executive officer of Cymer. "Total shipments of new lithography units in the third quarter declined by 25 percent, evidence of reduced chipmaker demand. Additionally we have seen a further build up of laser inventory among our direct customers. Therefore, we expect total laser systems shipped for the fourth quarter of 1998 to decline by 18 to 22 percent as compared to those of the third quarter. As a result, at this point in time, we anticipate overall revenue to decline 16 to 20 percent in the fourth quarter and estimate a net loss of between ($0.15) and ($0.20) per share (diluted). This loss may include inventory writedowns resulting from rapidly changing customer product mix demand.">> From the CYMI Q Report tonite.

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