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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (113169)	7/17/2001 10:42:57 PM
From: Lucretius	Read Replies (3) \| Respond to of 436258

japtown and taiwan having ugly night.... again

To: patron_anejo_por_favor who wrote (113169)	7/17/2001 11:35:08 PM
From: Dr. Jeff	Read Replies (1) \| Respond to of 436258

Teradyne sees widening Q3 losses, dropping revenue ----------------------------------------------- Nice of them to slip this news in so late huh? This after MISSING lowered estimates by 2 cents. Just amazing......... Teradyne sees widening Q3 losses, dropping revenue Tuesday July 17, 10:39 pm Eastern Time (UPDATE: Recasts, adds third-quarter outlook in 6th and 7th paragraphs) BOSTON, July 17 (Reuters) - Teradyne Inc (NYSE:TER - news), the No 1 semiconductor test equipment maker, on Tuesday reported its first loss in a decade and warned of widening losses, saying current third-quarter revenue could fall as much as 68 percent below year-ago levels. Teradyne's chip-making customers are reeling from a slowing economy, slumping PC and electronics sales and brutal price competition between Intel Corp (NasdaqNM:INTC - news) and Advanced Micro Devices Inc (NYSE:AMD - news). As a result, Teradyne chairman George Chamillard said in a statement that customers may not need to increase their testing capacity until well into 2002. After the market closed, Boston-based Teradyne said it recorded a second-quarter loss of $20.5 million, or 12 cents a share, before special items. The loss was 2 cents higher than the high end of the reduced expectations it gave last month. Teradyne had expected to lose 5 cents to 10 cents a share, not including special charges. In the year-ago period, Teradyne earned $128.9 million, or 71 cents a diluted share. ``Based on conversations with a broad cross section of our customers, we see no upturn in the near future,'' Chamillard said in a statement. ``Indications are that most semiconductor customers may not need to increase their test capacity until well into 2002.'' Chamillard said he expects Teradyne to generate between $275 million and $325 million in third-quarter revenue, compared with $848 million in the year-earlier period. He also said the company would post third-quarter per share losses between 22 cents and 32 cents, assuming no special charges. Analysts, on average, were looking for Teradyne to lose only 10 cents a share, according to Thomson Financial/First Call. Teradyne's second-quarter sales plummeted to $365.8 million from the $747.5 million posted in the year-ago period. Chamillard said as the second quarter progressed the company's business environment continued to deteriorate. ``The loss -- our first in over 10 years, since the first quarter of 1991 -- is an indication of just how dramatic and severe this downturn has been to date,'' Chamillard said in a statement. Intel, the world's No 1 microchip maker, on Tuesday said second-quarter profits tumbled 76 percent. Teradyne shares closed at $32.79 Tuesday on the New York Stock Exchange, up $1.59. The stock is off 12 percent this year, underperforming the relatively flat performance of the Philadelphia semiconductor index. biz.yahoo.com