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

To: mitch-c who wrote (40500)	12/5/2000 3:40:06 PM
From: daryll40	Read Replies (1) \| Respond to of 70976

I guess it's so quiet because we're all holding our breath, hoping that the next 20 minutes (it's 3:40PM Eastern) won't see the RATIONAL exuberance evaporate. D40

To: mitch-c who wrote (40500)	12/5/2000 3:52:16 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Applied Materials delays Japan stock debut By Bloomberg News December 5, 2000, 9:45 a.m. PT TOKYO--Applied Materials plan to trade shares on the Nasdaq Japan stock exchange will be delayed until next year as the world's largest maker of chipmaking equipment hasn't yet received approval for the move, an exchange official said. In May, the company said it hoped to offer shares in Japan before the end of this year to help build its global name recognition. Applied Materials will have to wait until early next year to begin trading, said Gabriella Espinosa, a Nasdaq Japan spokeswoman. To add a foreign company's shares, she said, the exchange needs approval from its members, who haven't yet met on the issue, and from Japan's Ministry of Finance. After meeting with reporters Tuesday in Tokyo, Applied Materials chairman James Morgan told Bloomberg News the company still wants to offer the shares as soon as possible. "It's them that's holding us up," he said. Currently, there are no foreign companies traded on Nasdaq Japan, which began trading six months ago as a joint venture between Japan's Softbank and the U.S. National Association of Securities Dealers. Nasdaq Japan is part of the Osaka Stock Exchange. Exchange officials will also need to approve Applied Materials for trading, Espinosa said. Shares of the Santa Clara, Calif.-based company have fallen 39 percent this year on concern that lower-than-expected demand for personal computers will erode the earnings of computer equipment manufacturers. The company's shares trade on the U.S. Nasdaq, Europe's Easdaq market and in Germany, Hong Kong and Argentina. Copyright 2000, Bloomberg L.P. All Rights Reserved.