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

To: Proud_Infidel who wrote (48591)	6/30/2001 9:03:53 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Over 40 fab shutdowns are scheduled for this summer The industry is using plenty of summer factory shutdowns to try to reduce its inventories. "We have been notified of more than 40 wafer fab shutdowns, varying in length from one to three weeks, that will take place before the end of our fiscal year in October," comments James L. MacDonald, president of Photronics. As a result, the Jupiter, Fla., photomask maker has cut its revenue estimate for the fiscal quarter ending July 31 to between $80-million and $85 million--15%-to-20% lower than the $100.6 million recorded in the prior quarter. "We now believe that the balance of fiscal 2001 will continue to be impacted by these conditions and do not expect that fourth quarter revenues and earnings will exceed those we report for the third quarter," MacDonald says.