Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gottfried who wrote (49164)	7/13/2001 4:22:00 PM
From: Nikole Wollerstein	Read Replies (1) \| Respond to of 70976

This just came from Cymer(CYMI): ''Commenting on expectations for the third quarter of this year, Akins continued, ``At this time, we anticipate that operating results for the third quarter will fall substantially below second quarter results. We now expect a further decline in unit shipments as well as ongoing reductions in the sales of consumables from second quarter levels. We expect that total third quarter revenue could decline by 25 percent to 30 percent from the second quarter 2001 level, and we currently anticipate posting a loss for the third quarter of this year. We believe that the ongoing deterioration in the semiconductor industry, as evidenced by fab utilization rates that continue to fall and the announcements of production line shutdowns and fab closures, add significant levels of volatility and unpredictability to an already difficult business environment.

To: Gottfried who wrote (49164)	7/13/2001 10:15:53 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Motorola chops cell-phone forecast Don't look for any growth in cellular phone unit shipments by manufacturers in 2001, said Motorola Inc. this week while briefing analysts about industry conditions. The Schaumburg, Ill.-based chip and cell-phone giant cut its industry forecast again for handset shipments to a range of 400-to-425 million wireless phones in 2001 vs. a previous projection of 425-to-475 million in the spring. The level of handset shipment by cell-phone makers will essentially end up being flat with 2001, according to Mike Zafirovski, executive vice president and president of Motorola's Personal Communications Sector. However, sell-through volumes--phones sold through distribution channels, including leftover inventories--will be 5-to-10% higher than 2001 at 425-to-450 million handsets, he said. It now looks like inventories have nearly reached normal conditions, said the Motorola executive. At the start of 2001, the marketplace had 12 weeks of cell-phone inventories, "which was three to four weeks above normal levels," he told analysts. The stockpile was cut by two to three weeks of inventories in the second quarter. --J.R.L.