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

To: StanX Long who wrote (59917)	2/4/2002 12:12:43 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Chip-Equipment Makers Fall After Tokyo Electron Loss Forecast By Minoru Matsutani 02/03 20:57 quote.bloomberg.com Tokyo, Feb. 4 (Bloomberg) -- The shares of Japanese chip- equipment makers fell after Tokyo Electron Ltd. almost tripled its full-year loss forecast. The shares of Tokyo Electron, the second-biggest maker of chipmaking equipment, fell as much as 5.3 percent to 6,300 yen. The shares of the company's peers also declined. Advantest Corp., the biggest maker of memory-chip testers, fell as much as 5.5 percent. Nikon Corp., the second-biggest maker of machines that etch circuitry onto silicon wafers, fell as much as 3.1 percent. Tokyo Electron widened its loss estimate to 25 billion yen ($188 million) after orders tumbled by four-fifths in the fiscal third quarter and only started to rebound this month. Chip equipment sales account for 86 percent of revenue at Tokyo Electron, leaving the Tokyo-based company dependent on chipmakers being optimistic the industry will grow. With Tokyo Electron's earnings announcement, ``sentiment to give up on an early recovery in the technology industry is growing,'' said Hideo Ueki, who helps manage $10 billion in Japanese equities at UBS Asset Management (Japan) Ltd., including Tokyo Electron shares. Orders stopped declining in the October-December quarter and will almost double in the current three-month period, the company said.