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

To: Jacob Snyder who wrote (57207)	12/11/2001 6:07:55 PM
From: advocatedevil	Respond to of 70976

AH News: CYMI, CHRT, CMVT, FSII, IFX 5:53PM Cymer (CYMI) 27.16 +0.93: Company updates guidance for Q4; expects revenues to "be flat" with Q3 results; this amounts to an expectation for Q4 revenues of $53.0 mln versus the current consensus estimate of $53.0 mln; company also states that gross margin and expenses will be within the ranges provided in the company's October update. 5:07PM Chartered Semi (CHRT) 26.15 +0.55: Company guides lower for Q4; expects a net loss in the range of $0.95-$0.97 per share versus the current consensus estimate of $0.93 per share; expects Q4 revenues to be down 5%" relative to Q3, this compares to the company's original guidance of "down 5%". 4:11PM Comverse Tech (CMVT) 21.94 +0.02 (+0.1%): -- Update -- Reports Q3 EPS of $0.11, in line with consensus; and posted $295.03 in sales, which also met estimates. The co sees non-recurring restructuring and other related charges of $60 mln in Q4, and will shed up to 900 jobs. 4:05PM FSI Intl (FSII) 8.99 +0.04: Company updates guidance for Q1; expects to report a Q1 net loss in the range of $0.15-$0.19 per share versus the current consensus estimate for a net loss of $0.26 per share; sees Q1 revenues in the range of $40-$43 mln versus the current consensus estimate of $41.5 mln; announces it is implementing additional cost reduction actions which include a 7% reduction in the overall workforce, salary cuts for all employees, a 50% decrease in capital expenditures and a reduction in other discretionary costs. 3:56PM Infineon Tech (IFX) 22.77 -0.19 (-0.8%): Hearing from traders that Bloomberg reports that IFX and Toshiba have reached a "rough understanding" concerning a joint venture for the two co's computer chip making operations, and that IFX has presented the joint venture to its Board. Possible beneficiaries of capacity cuts would be MU in DRAM, and AMD, SSTI, SNDK, and FLSH in flash memory. finance.yahoo.com AdvocateDevil

To: Jacob Snyder who wrote (57207)	12/11/2001 6:17:01 PM
From: Sam Citron	Read Replies (2) \| Respond to of 70976

Jacob, I expect the market will trough in October 2002 and 2003 and each year following.<g> BTW, I seem to recall you opining about one of the expected effects of 9/11 being an increase in the use of e-mail. If the following NY Times internal memo detailing their new mail sterilization procedures due to anthrax concerns is representative of likely corporate reactions, I think you may have spotted a significant trend. * * * New York Times internal memo on new mail sterilization procedure To the Staff: As part of our continuing determination to ensure the health and safety of every employee, we are about to embark on a new era of bringing mail into the building. Beginning next week, each and every piece of U.S. mail bound for The Times will be sterilized before it comes into the building. We are assured that the process -- which employs the same technology that hospitals, laboratories and doctors use to sterilize their equipment -- will kill any harmful bacteria that might have contaminated letters or packages. Here is how it works: all U.S. mail addressed to The Times will go first to an off-site facility equipped with sterilization machines. These machines employ steam at temperatures hot enough and long enough to kill any bacteria, including anthrax. As an extra precaution, the mail will be held at the facility for an additional 48 hours, while further tests are evaluated to ensure that no bacteria are present in the mail. The mail will then be brought to The Times to be x-rayed and distributed. Our first task, obviously, is to begin to work our way through the backlog of mail that has accumulated in the week and a half since we suspended delivery inside the building. In that regard, we will count on your continued support and patience, as we need to proceed cautiously to ensure that we have developed a safe and efficient way of processing our mail through the equipment. It is important to note one thing: while the high temperatures used in the sterilization method will kill bacteria -- and help make our mail safe -- it might possibly damage some materials, such as photographs or CD's, that are coming to you through the U.S. mail. If anyone is sending you things like that for business purposes, you should advise them in the future to use a courier or overnight mail service. You should also know that the process destroys the small plastic windows frequently used in business mailings. While the letters -- or invoices -- inside will not be damaged, some other effects might be noticed. Magic marker, for example, tends to run. And if a letter has more than one page, the pages may stick together, although we are assured they are easily pulled apart. For that reason, we intend at the outset to focus our efforts on first-class, express and certified mail. Depending on how that goes, we will then make a decision whether to sterilize and distribute the backlog of third-class mail, including packages with any bulk material. And at this point, any of the backlogged mail we judge to be junk mail will simply be discarded. As new mail arrives in the coming days, we will review our procedures. But in any case, you should know there will be a delay of at least 48 hours in getting your mail so we can do what is necessary to ensure its safety. This arrangement is the latest in a series of steps we have taken to reassure you that our workplace is safe. As you know, in recent weeks we have had scores of laboratory tests conducted on people and surface areas in response to a few scary but so far false alarms in which suspect powder spilled from letters. To date, all those tests have proven negative. Indeed, on Thursday, we received the results of the most recent round of tests -- another battery of nose swabs taken from employees who work in mailrooms in this building -- and these, too, were negative for possible anthrax contamination. Like an earlier round of tests, they were taken as an extra precaution because these employees are regularly involved in sorting, distributing and opening the mail that comes into the building. While this is good news, it is critical that we continue to keep our guard up and work together to do what is necessary so the workplace is safe. Indeed, we are mindful there are other potential hazards, beyond biological threats. We will be continually reviewing our security procedures, with an eye to staying a jump ahead. We will advise you of what we are doing as we implement other procedures. In the meantime, it is still necessary to be vigilant about your mail. Our best advice to you remains: if you don't know the sender, then don't open it. There is something else that each of you can do to help. Now that we are ready to resume the distribution of U.S. mail, it is extremely important that each employee think about how to reduce the amount of mail that is sent to us at the office. For example: Are all the first-class pieces you get important to your job? If not, how can we eliminate them? Can you get essential items faxed to you? Are you receiving perishables or CD's at the office that are likely to be damaged by sterilization? Then ask the business contacts to send them by some delivery service other than U.S. mail. How about third-class mail and magazines? How much of it is useful for your job? How can we get rid of the remainder? And any personal mail that comes to you at the office must now be sent to your home address. We have already heard from some employees that converting regular mail to fax or e-mail is beneficial. Several who have asked their business contacts to send them the items they need through e-mail and fax have found that this has had a dramatic impact on their efficiency. We have formed a building-wide committee to help us to reduce paper mail coming into 43rd Street because we believe it will enable us to run our business more efficiently. Members of the committee will contact each department. Thank you for your patience as we have worked to come up with a solution to the recent dangers of U.S. mail. Bill Schmidt, associate managing editor, & Dennis Stern, VP, Human Resources poynter.org