Please go back to the reference reply here for background data.
Occasionally we all make mistakes or get a few things mixed up. Apparently the question about Komatsu that was raised and which I responded to, had some discrepancies. I stated that I did not think there was an association with Komatsu but then proceeded to give an opinion to the question posed based on available information and correlations. Sort of like a jigsaw puzzle.
Normally when I am unsure I do some research. As it turns out, I should have done this prior to responding. A reader of RadarView was kind enough to provide me with this information below:
APPLIED KOMATSU TECHNOLOGY, INC. JOINT VENTURE
In September 1993, the Company entered into an agreement with Komatsu, Ltd. to form Applied Komatsu Technology, Inc. (AKT), a joint venture corporation that develops, manufactures and markets systems used to produce Flat Panel Displays for laptop, notebook and palmtop computers, desktop monitors, digital/video cameras, portable televisions and instrument displays. During the fourth fiscal
quarter of 1998, the Company decided to discontinue the operations of AKT. The Company's interest in this joint venture will be wound down over a period not to exceed twelve months from the date of the decision to discontinue operations. As a result of this decision, AKT has stopped selling PVD and Etch systems and has ceased development efforts on new and next generation systems and technology.
AKT will continue to offer its existing CVD product line for sale and will also provide existing customers with ongoing system support. See "Management's Discussion and Analysis - AKT Joint Venture" and Note 4 of Notes to Consolidated Financial Statements, which are incorporated herein by reference from the Applied Materials 1998 Annual Report.
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It looks as if the puzzle was put together incorrectly this time.<GGG>
Andrew Vance |
