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

To: Proud_Infidel who wrote (41836)	2/1/2001 11:40:51 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Brian,"Making sense of semiconductors during a downturn" BY SCOTT HERHOLD Mercury News www0.mercurycenter.com Scott Herhold is one of the more thoughtful columnists - and he agrees with me. :) excerpt So why has Applied floated in the face of a squall of bad news? Well, keep in mind that this is a well-run company. It is already beginning to cut costs. And it will be receiving some deferred revenue as it ships the new 300-millimeter wafer equipment. Probably the biggest reason, however, is that investors are trying to outthink the cycle. Merrill Lynch's Hodess theorizes that some of them foresee the inevitable upturn and want to buy ahead of the crowd. But here's a word of warning to those who think that Greenspan's magic will transform bad news into good. Wit SoundView, an East Coast investment bank, did a study of the impact of lowering rates on semiconductor equipment stocks. The verdict: It helps in the quarter the rates cuts are announced. But in the longer term, investors pay attention to the fundamentals. With all their shortcomings. Gottfried I hate unnecessary registration, too. But I understand they do it so they can use your address.

To: Proud_Infidel who wrote (41836)	2/1/2001 6:00:36 PM
From: Proud_Infidel	Respond to of 70976

Slowdown in PCs and handsets forces National to lower quarterly projections Semiconductor Business News (02/01/01 13:52 p.m. PST) SANTA CLARA, Calif. -- Citing a downturn in orders in its wireless and PC chip businesses, National Semiconductor Corp. here today issued a sales and profit warning for its third quarter, which ends Feb. 25. The company said its sales for the quarter will range from $475 million to $480 million, which represents a sequential decrease of 24%-to-25.3% in the second quarter of this year. In the second quarter of this year, the company reported a profit of $106 million, or $0.56 a share, on sales of $595 million. During the third quarter, National said its earnings per share should range from $0.20 to $0.22 per share. Originally, the company was projected to earn $0.31 for the period, according to First Call/Thomson Financial. Shipments in the current quarter are impacted by slower turns orders caused by demand uncertainties and inventory corrections in the distribution channel and personal computer and wireless handset markets, the company said. Subject 50522