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Pastimes : THE COFFEE SHOP--A place to discuss Minute Subjects -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (24480)	11/18/1999 1:40:00 AM
From: Mephisto	Read Replies (2) \| Respond to of 24894

I think you should leave the whiskey alone. So they will do a knee-cap replacement. AMAT had great earnings. LOOKS LIKE THEY BEAT ANALYSTS PROJECTIONS by 13 cents . Applied Materials Profit Tops Forecasts By Duncan Martell PALO ALTO, Calif. (Reuters) - Riding a rebound in the semiconductor industry, Applied Materials Inc (NasdaqNM:AMAT - news). forecast strong demand for its chip-making equipment into next year as it reported a return to profit with results that easily topped analyst expectations. The world's largest maker of semiconductor manufacturing equipment said on Wednesday net income in its fourth quarter ended Oct. 31 rose to $307.7 million, or 77 cents a share, compared with a loss of $186.7 million, or 51 cents a year ago. Sales nearly doubled to $1.57 billion from $673.2 million. The results topped the per-share consensus estimate of 64 cents, according to analysts polled by First Call/Thomson Financial, which tracks analyst forecasts. ''This has been a long-term building process and one in a step of many, we hope,'' said James Morgan, Applied's chairman and chief executive in an interview. ''The demand factor just for new technologies should continue to benefit companies like Applied.'' New orders, an indication of future sales growth, more than doubled to $1.65 billion from $684.1 million, and were up 13 percent from $1.46 billion for the third quarter. Before the news, Applied Materials shares surged 4-1/2 to 110 after touching a 52-week high of 113-1/4 in trading on the Nasdaq. The Santa Clara, Calif.-based company reported results after the close of U.S. trading. The stock has almost tripled in the past 12 months, compared with a 77 percent rise in the Dow Jones Semiconductor Index. Companies such as Applied Materials -- as well as chipmakers such as Intel Corp (NasdaqNM:INTC - news)., National Semiconductor Corp (NYSE:NSM - news). NSM.N, Texas Instruments Inc (NYSE:TXN - news). and Motorola Inc (NYSE:MOT - news). -- have also seen their stock prices surge as the chip industry has climbed its way out of its worst slump ever. In a recent forecast by the Semiconductor Industry Association, it said worldwide chip sales would jump 21 percent to $174 billion in 2000, with growth of 20 percent the following year to $209 billion, and 12 percent to $234 billion in 2002. Chip sales are forecast to rise 15 percent this year, topping $144 billion. Morgan also said revenue in the current quarter should reach more than $1.6 billion and earnings-per-share, on an operating basis, would come in between 75 cents and 77 cents. Exploding demand for wired and wireless information appliances -- as well as routers, switches and other building blocks of the Internet -- will fuel demand for chips and the equipment to make them over next three years, the SIA said when it issued its forecast on Oct. 27." AMAT situation looks very good to me ~ mephisto