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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: ycocko who wrote (9393)	5/15/2001 4:10:21 PM
From: Tom Hua	Respond to of 19633

YC, AMAT missed by a penny, New orders were $1.35 billion for the second fiscal quarter of 2001, decreasing 44 percent from $2.43 billion for the first fiscal quarter of 2001, and decreasing 54 percent from $2.93 billion for the second fiscal quarter of 2000. Regional distribution of new orders for the second fiscal quarter of 2001 was: North America 24 percent, Japan 21 percent, Taiwan 20 percent, Southeast Asia and China 15 percent, Europe 14 percent and Korea 6 percent. Backlog at the end of the second fiscal quarter of 2001 decreased to $3.05 billion, from $3.90 billion at the end of the first fiscal quarter of 2001. Gross margin for the second fiscal quarter of 2001 was 44.8 percent, down from 48.8 percent for the first fiscal quarter of 2001, and down from 50.1 percent for the second fiscal quarter of 2000. Operating income as a percentage of net sales, excluding one-time items, was 17.4 percent for the second fiscal quarter of 2001, compared to 27.5 percent for the first fiscal quarter of 2001 and 28.7 percent for the second fiscal quarter of 2000. Ongoing net income as a percentage of net sales was 14.1 percent for the second fiscal quarter of 2001, compared to 20.4 percent for the first fiscal quarter of 2001 and 21.0 percent for the second fiscal quarter of 2000. ``Our business continued to experience a severe decline during the second quarter,'' said James C. Morgan, chairman and chief executive officer, ``as decreased demand for electronic goods resulted in reduced capital equipment investment by semiconductor manufacturers. We have responded by taking actions to align our cost structure with lower business volumes. Despite cutbacks in semiconductor capital spending, customers continue to invest in new technologies, such as copper, and the transition to 300mm wafers. In this difficult environment, we will continue to focus on supporting customers by providing the industry with the most comprehensive portfolio of leading-edge products.'' Regards, Tom