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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Donald Wennerstrom who wrote (1931)2/12/2002 5:25:41 PM
From: Return to Sender  Read Replies (1) | Respond to of 95963
 
Tuesday February 12, 5:11 pm Eastern Time

finance.yahoo.com

Applied Materials sees quarterly orders rising
NEW YORK, Feb 12 (Reuters) - Applied Materials (NasdaqNM:AMAT - news), the world's largest maker of microchip-making equipment, on Tuesday said it expects new orders to rise 10 percent to 15 percent in the second quarter.

In a conference call to discuss the company's fiscal first-quarter results, Chief Financial Officer Joseph Bronson said the company also expects revenues to be $1 billion or slightly higher. He said the company should maintain profitability as long as the revenue target is met.

Bronson also said the company expects chip equipment capital spending down 25 percent in 2002.

I have an order in for 1000 shares long AMAT at 44.75 in after hours. She running higher Don. Not sure I will get any but at least a continued upswing will help my other positions.

Thanks, RtS