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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (30957)	2/12/2002 6:08:21 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

How screwed up is this release. Got spin? Applied Materials (AMAT) reported a fiscal first quarter net loss of $45 million, or 6 cents a share, on revenue of $1 billion. During the same quarter last year, net income was $156.8 million, or 19 cents a share, on revenue of $2.36 billion. Excluding charges from the latest quarter, net income would have been $15 million, or 2 cents a share. Analysts surveyed by Thomson Financial/First Call expected breakeven earnings, excluding charges, on revenue of $1.01 billion, on average. "While we believe that industry conditions remain challenging in the short-term, we are somewhat encouraged by orders for the new technologies," said CEO Jim Morgan, according to a statement. There is no way to call this good news. I have no position and don't care about news. I love "net income would have been". Oh really? All one can do is shake one's head.