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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (31298)	7/6/1999 7:40:00 PM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

Hi Tony, I want to get to your James Bond work out there on the Central Expressway but just have time for this quick post at the moment. From Bloomberg after the bell. Jeff Applied Materials Rises 3.3% Amid Earnings Optimism Santa Clara, California, July 6 (Bloomberg) -- Applied Materials Inc. shares rose 3.3 percent amid optimism that the world's No. 1 maker of semiconductor equipment will beat expectations for its fiscal third-quarter earnings. Shares of the Santa Clara, California-based company rose 2 3/8 to 74 1/2 in trading of 9.03 million. The stock reached a record 75 15/16 earlier in the day, and has gained 75 percent so far this year. Applied may beat the average First Call Corp. estimate of 53 cents a share for the quarter ending this month when it reports earnings on Aug. 12, analysts said. The company topped forecasts in the first two quarters of its fiscal year as it recovered from a sharp drop in orders for chip equipment in 1998. ''There are expectations of an upside that are being priced into the stock right now,'' said Prudential Securities Inc. analyst John Pitzer, who rates the shares ''accumulate.'' Individual estimates among analysts polled by First Call range from 50 cents to 55 cents. Pitzer said it's too early to revise his third-quarter estimate. Applied is benefiting from investor optimism ahead of next week's Semicon West trade show in San Francisco, and signs of recovering economies in Asia, he said. Applied earned 36 cents a share in its second quarter, beating forecasts for 27 cents. In the week leading up to its earnings release, though, analysts said Applied could earn as much as 35 cents. In its first quarter, Applied earned 11 cents, almost double the First Call average estimate of 6 cents. Jul/06/1999 16:53 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.

To: Tony Viola who wrote (31298)	7/7/1999 11:40:00 AM
From: Proud_Infidel	Respond to of 70976

[World DRAM Price] Asian DRAM Market Stays in Downward Slide: Price Drops 6.24 Pct. in One Week July 7, 1999 (TOKYO) -- Contract prices of 64Mb DRAM chips for large users (PC100, 8M x 8) were US$6.76 in the United States, US$6.93 in Europe and US$6.62 in Asia, according to ICIS-LOR. These are 30-day rolling average prices from May 20 through June 18. ICIS-LOR is a survey company with bases in London, Houston and Singapore. Compared to the preceding week's figures (the 30-day rolling average prices through June 11), they decreased by 1.9 percent in the United States, 3.16 percent in Europe and 6.24 percent in Asia. As for prices of memory modules, the spot prices of 64Mb dual in-line memory modules (DIMM, PC100) in the U.S. market decreased by 1.89 percent from the preceding week to US$39.5. In Europe they were down 2.38 percent to US$42.04 and in Asia they dropped 1.84 percent to US$39.43. Shipments of personal computers on a quantity basis have been growing favorably. The U.S. market is showing steady growth. Japan and China have been increasing PC shipments as scheduled. However, prices of 64Mb synchronous DRAM chips continue to decline. That is because the increases in sales are only for low-end PCs that deploy few memory chips, and because the global production of the memory chips has outnumbered demand for use in PCs. The demand for DRAM chips will shrink further, and the prices will keep declining if users hold back on buying new PCs from now through the year end under apprehension of the so-called Year 2000 problem. DRAM chip makers will face worse earning results if they do not cut production further to meet the market demand. Table: 30-Day Rolling Averages of 64Mb DRAMs (PC100, 8M x 8) May 20-June 18, 1999 (survey by ICIS-LOR)Area Contract price Week-on-week comparison North America US$6.76 -1.90% Europe US$6.93 -3.16% Asia US$6.62 -6.24% *Week-on-week comparison is the comparison with the 30-day rolling averages of May 13 - June 11, 1999. Related story: Asian DRAM Market Sees Price Drop, Survey Says (Nikkei Market Access) nikkeibp.asiabiztech.com