Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Backfill who wrote (24272)	2/16/2000 3:19:00 AM
From: pat mudge	Respond to of 25960

Tops Analysts' Estimates By KHANH T.L. TRAN Staff Reporter of THE WALL STREET JOURNAL Applied Materials Inc. topped Wall Street's expectations for earnings in its fiscal first quarter and reported orders that surpassed what many analysts anticipated, suggesting the company's booming growth will continue well into the year. The Santa Clara, Calif., company, the largest maker of the equipment used to manufacture computer chips, said its net income for the period ended Jan. 30 rose to $328.5 million, or 80 cents a diluted share, from $52.9 million, or 14 cents a share, a year earlier. The consensus estimate of analysts surveyed by First Call/Thomson Financial was 77 cents a share. Applied to Buy Etec Systems in a $1.77 Billion Stock Deal (Jan. 13) Revenue more than doubled to $1.67 billion from $742.5 million a year earlier, <>driven primarily by demand for its equipment that makes chips with circuit lines that are 0.18 micron wide. Such chips are used in computer-game machines and Internet-related equipment, among others. "The Internet is clearly a key driver for us," said James Morgan, Applied Materials chairman and chief executive officer. The number of new orders for equipment slated to be delivered within the next 12 months more than doubled to $2.36 billion from $1.03 billion a year earlier. For the fiscal fourth quarter ended Oct. 31, the company recorded new orders of $1.65 billion. Mr. Morgan added that orders from Taiwan rose to make up 26% of the total number of new orders, as that country experienced a rebound in demand from chip makers and became Applied Materials' biggest market. In the same period a year earlier, orders from Taiwan came in at 14% of the total.