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

To: advocatedevil who wrote (60346)	2/12/2002 4:13:09 PM
From: Return to Sender	Read Replies (1) \| Respond to of 70976

Applied Materials Reports Net Loss biz.yahoo.com SANTA CLARA, Calif. (Reuters) - Applied Materials Inc. (NasdaqNM:AMAT - news) on Tuesday reported a first quarter net loss, as the world's largest maker of chip making equipment cut costs to cope with the semiconductor industry's worst downturn on record. In its fiscal first quarter ended Jan. 27, Applied Materials reported a net loss of $45 million, or 6 cents a share, compared to a profit of $157 million, or 19 cents a share, a year ago. Excluding a charge for job cuts and other items, the company said it earned $15 million, or 2 cents a share, in the quarter. Wall Street on average expected Applied Materials to report a break-even quarter on a per share basis, with a survey of 28 analysts showing a range of a loss of 3 cents to a profit of 2 cents, according to research firm Thomson Financial/First Call.