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

To: StanX Long who wrote (63095)	4/23/2002 5:11:13 AM
From: StanX Long	Respond to of 70976

Tokyo Electron Jan-Mar orders jump qtr/qtr Tuesday April 23, 4:27 am Eastern Time biz.yahoo.com TOKYO, April 23 (Reuters) - Tokyo Electron Ltd, Japan's largest maker of chipmaking equipment, said on Tuesday its net orders in January-March nearly tripled from the previous quarter in a further sign of recovery from last year's semiconductor slump. ADVERTISEMENT Net orders for semiconductor and display production equipment totalled 75.6 billion yen ($581 million) in January-March, up from 25.8 billion yen in October-December, Tokyo Electron said on its Web site. Merrill Lynch analyst Richard Kaye said the strong numbers, already heralded by bullish news from U.S. chip equipment makers such as Novellus Systems Inc (NasdaqNM:NVLS - news), were largely in line with expectations. ``The most important thing is that they confirm the orders recovery is underway at Tokyo Electron,'' he said. ``What you really need to see in order to sustain this level of growth is an improvement in end-demand. You need to see more people buying more PCs and cellphones, and all indicators on that are extremely ambiguous.'' New orders in January-March totalled 84.5 billion yen, up 84 percent from the previous quarter, while cancellations shrank to 8.9 billion yen from 20.1 billion yen. January-March marked the first increase in new orders in six quarters. The data were released after the close of trade on the Tokyo Stock Exchange. Tokyo Electron's shares ended 0.99 percent higher at 10,160 yen, marginally outperforming the Nikkei average's (.N225) 0.13 percent gain. ($1=130.12 yen)