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

To: Kirk © who wrote (36085)	7/27/2000 5:40:44 PM
From: Lone Star	Respond to of 70976

Well, Kirk, I don't think I can take any more good news then.

To: Kirk © who wrote (36085)	7/27/2000 6:32:39 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

AMD still sees record sales in Q3 due to flash, PC processors Semiconductor Business News (07/27/00, 05:02:26 PM EDT) SAN FRANCISCO -- At the Robertson Stephens Semiconductor Conference here, an Advanced Micro Devices Inc. vice president said demand for flash memories and PC processors was so strong that AMD expects to report record revenues in the third quarter despite the sale of the company's communications business to an investment firm. In his presentation before the meeting, Benjamin M. Anixter, vice president for external affairs at AMD, reiterated the company's guidance for results in the second half of 2000. "Demand for AMD flash memory devices continues to exceed supply," Anixter said. "We are ramping the production capacity of our flash memory manufacturing joint venture, FASL (Fujitsu AMD Semiconductor Ltd.), as rapidly as possible to support our customers," he said. "Our increased output is committed through the remainder of this year. "With good visibility into future demand through the end of 2001, we continue to expect strong growth in sales of flash memory products," Anixter added. Two months ago, AMD announced a definitive agreement to sell 90% its Communication Products Division for $375 million in cash to Francisco Partners LP, a private equity firm (see May 22 story). AMD's communications division had revenues of $168 million in 1999 and $59.5 million in the first quarter of this year. During the investment conference in San Francisco, Anixter said the principal drivers behind the strong growth in flash demand include applications for Internet infrastructure, automotive, set-top boxes, and cellular telephones. Anixter also said the company remains on track to achieve its goal of shipping 3.6 million "seventh-generation" processors, including its Athlon and Duron MPUs, in the current quarter. "The PC market outlook is strong. We plan to meet our goal of doubling shipments of seventh-generation PC processors to 3.6 million units in the third quarter, and again doubling shipments to 7.2 million units in the fourth quarter," he said. "We plan to commence volume shipments of 1.1-GHz AMD Athlon processors in the current quarter, with higher-speed devices to follow in the fourth quarter." According to Anixter, AMD expects total PC processor shipments by the company could approach 7 million units this quarter and 9 million units in the fourth quarter. "We expect that Fab 30 [in Dresden, Germany] will contribute significantly to sales in the second half of this year as we substantially increase the availability of 1-GHz and faster versions of the AMD Athlon processor," Anixter said.

To: Kirk © who wrote (36085)	7/27/2000 6:57:06 PM
From: Proud_Infidel	Respond to of 70976

Semiconductors a bright spot as Matsushita's sales stay flat Semiconductor Business News (07/27/00, 06:51:22 PM EDT) OSAKA, Japan -- Although Matsushita Electric Industrial Co. Ltd. chalked updouble-digit sales growth in semiconductors, liquid crystal display panels, and electric motors, revenue dipped 3% in consumer products and increased only 2% in industrial products. As a result, consolidated sales at the Osaka-based conglomerate edged up just 1% from the same period last year, to $16.72 billion. Due to a drop in non-operating profit during the quarter ended June 30, the company's net income slipped 2% from the same period last year, to $89 million. But Matsushita's first-quarter operating profit increased 48% year-over-year, to $200 million, as cost-reduction efforts and sales gains in components offset the negative effects of declining prices and the yen's appreciation.