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

To: StanX Long who wrote (59843)	2/1/2002 2:15:54 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tokyo Electron Widens Full-Year Loss Estimate (Update1) By Minoru Matsutani and Yoshifumi Takemoto 02/01 01:49 quote.bloomberg.com Tokyo, Feb. 1 (Bloomberg) -- Tokyo Electron Ltd. almost tripled its full-year loss forecast as chipmakers pared spending on new plants and machines, prompting the second-largest maker of chipmaking equipment to write-off some of its inventories. The Tokyo-based company widened its group loss forecast to 25 billion yen ($186 million) for the twelve months to March 31, compared with its earlier 8.5 billion yen loss forecast. The company slashed its sales forecast for the full year by 6.1 percent to 410 billion yen. Tokyo Electron, second only to Applied Materials Inc. in chipmaking equipment sales, also said it posted a loss of 8.1 billion yen in the three months ended Dec. 31, compared with a profit of 49.4 billion yen in the year-ago period. Third-quarter sales fell 38 percent to 317 billion yen. Last month, the company said orders for semiconductor manufacturing equipment plunged for a fifth straight quarter in the October-December period. Tokyo Electron received 25.6 billion yen in net orders -- new orders minus cancellations -- between October and December, down 82.4 percent from 145 billion yen a year earlier. The drop in orders comes as chipmakers such as Intel Corp. and Samsung Electronics Co. spend less on chipmaking machinery.