sorry to not contribute more boring politics but AMAT announced earnings....
biz.yahoo.com
Applied Materials Announces Record Results for Fourth Quarter and Fiscal YePress Release
Applied Materials Announces Record Results for Fourth Quarter and Fiscal Year 2000
Record New Orders, Net Sales and Net Income
SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 15, 2000--Applied Materials, Inc., the world's largest supplier of wafer fabrication solutions to the semiconductor industry, reported record results for its fourth fiscal quarter ended October 29, 2000. Record net sales were $2.92 billion, up 7 percent from $2.73 billion for the third fiscal quarter of 2000, and up 81 percent from $1.61 billion for the fourth fiscal quarter of 1999. Record ongoing net income (net income, excluding one-time items) for the fourth fiscal quarter of 2000 was $664 million, or $0.77 per diluted share, up 10 percent from $604 million, or $0.70 per diluted share, for the third fiscal quarter of 2000, and up 119 percent from $303 million, or $0.37 per diluted share, for the fourth fiscal quarter of 1999.
Record new orders were $3.60 billion for the fourth fiscal quarter of 2000, increasing 10 percent from $3.28 billion for the third fiscal quarter of 2000, and increasing 113 percent from $1.69 billion for the fourth fiscal quarter of 1999. Regional distribution of new orders for the fourth fiscal quarter of 2000 was: North America 29 percent, Japan 21 percent, Europe 15 percent, Taiwan 14 percent, Southeast Asia and China 11 percent and Korea 10 percent. Backlog at the end of the fourth fiscal quarter of 2000 increased to $4.38 billion, from $3.69 billion at the end of the third fiscal quarter of 2000.
Gross margin for the fourth fiscal quarter of 2000 was 51.7 percent, up from 50.9 percent for the third fiscal quarter of 2000, and up from 49.6 percent for the fourth fiscal quarter of 1999. Record operating income as a percentage of net sales was 31.0 percent for the fourth fiscal quarter of 2000, compared to 30.2 percent for the third fiscal quarter of 2000 and 24.5 percent for the fourth fiscal quarter of 1999. Record ongoing net income as a percentage of net sales was 22.7 percent for the fourth fiscal quarter of 2000, compared to 22.1 percent for the third fiscal quarter of 2000 and 18.8 percent for the fourth fiscal quarter of 1999.
The Company also announced results for its fiscal year ended October 29, 2000, with record new orders, net sales and ongoing net income. Fiscal 2000 new orders were $12.26 billion, a 114 percent increase from fiscal 1999 new orders of $5.72 billion. Net sales for fiscal 2000 were $9.56 billion, an 88 percent increase from fiscal 1999 net sales of $5.10 billion. Ongoing net income (net income, excluding one-time items) for fiscal 2000 was $2.05 billion, or $2.39 per diluted share, up 171 percent from $757 million, or $0.92 per diluted share, for fiscal 1999.
``This has been an outstanding year for Applied Materials,'' said James C. Morgan, chairman and chief executive officer. ``I am very proud of our global team for capitalizing on worldwide demand for semiconductors to deliver the strongest year in the Company's history, with revenue almost double that of last year.''
Applied Materials' leading-edge systems and services enable semiconductor manufacturers to make more powerful, portable and affordable chips for the Internet and Information Age. Underscoring its commitment to industry innovation, the Company introduced a record 37 new products in fiscal 2000, together with a host of new applications for advanced semiconductor processing.
``Since we are just at the beginning of the Information Age, we have tremendous growth opportunities ahead, as global demand for electronics products and the number of applications for semiconductors are both increasing. In the coming year, we expect our customers to increase their investment in advanced technologies for smaller line-widths, 300mm product capabilities and advanced materials applications. Our focus on providing a broad range of leading products, combined with strong operating capability and global support infrastructure, positions Applied Materials to benefit from worldwide demand for increasingly sophisticated electronics,'' concluded Morgan.
This press release contains certain forward-looking statements, including, but not limited to, those relating to growth opportunities ahead and customers' increased investments in advanced technologies. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: continued global demand for semiconductors and increasingly sophisticated electronics; changes in customer capacity requirements; the ability of the Company to maintain its technology leadership and product position; the transition to 300mm systems; changes in global economic conditions; and those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this press release.
Applied Materials will be discussing its fourth quarter and fiscal year results, along with its outlook for the first fiscal quarter of 2001, on a conference call today, beginning at 1:30 PM PST. A webcast of the conference call will be available to all interested parties on Applied Materials' website at appliedmaterials.com under the ``Investors'' section.
Applied Materials (Nasdaq:AMAT - news) is a leader of the Information Age and the world's largest supplier of products and services to the global semiconductor industry.
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