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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (132674)	2/13/2001 4:29:44 PM
From: Scumbria	Read Replies (2) \| Respond to of 1570751

Ted, Why do all those military craft keep crashing in Hawaii? Scumbria

To: tejek who wrote (132674)	2/13/2001 4:41:00 PM
From: 5dave22	Read Replies (1) \| Respond to of 1570751

AMAT Beats Expectations ... Applied Materials Beats Expectations SANTA CLARA, Calif. (Reuters) - Applied Materials Inc. on Tuesday reported first-quarter results that beat diminished forecasts, as the largest manufacturer of computer chip-making gear suffered from slowing purchases by semiconductor companies. For the quarter ended Jan. 28, Applied Materials (NasdaqNM:AMAT - news) said net income excluding one-time items rose 71 percent to $558 million, or 66 cents a share, from $327 million, or 39 cents, a year earlier. Sales rose 59 percent to $2.73 billion from $1.72 billion. The results beat the consensus analyst forecast for earnings per share of 63 cents as compiled by First Call/Thomson Financial. Estimates ranged from 47 cents to 74 cents. Applied Materials on Jan. 30 warned that its quarterly results would lag forecasts at the time, citing an inventory build-up, slow personal-computer sales and slow economic growth. Before the warning, analysts had expected the company to post per-share earnings of 74 cents. Before the announcement, shares of Applied Materials closed at $41-1/4, down 6.25 percent, on Nasdaq. The shares are down from a record high of $115 reached on April 7, 2000.