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

To: StanX Long who wrote (63625)	5/10/2002 3:11:53 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tokyo Electron Posts 4th-Qtr Loss as Sales Plunge (Update1) By Minoru Matsutani quote.bloomberg.com Tokyo, May 10 (Bloomberg) -- Tokyo Electron Ltd., the world's No. 2 manufacturer of chipmaking equipment, turned to a fourth quarter loss as sales tumbled when chipmakers cut spending during the industry's worst-ever performance last year. The Tokyo-based company reported a group loss of 11.8 billion yen ($92 million) in the three months ended March 31, compared with group net income of 13 billion yen a year earlier. Sales plunged 53 percent to 101 billion yen from 214 billion yen. For the full-year, the company reported a group loss of 19.9 billion yen, or 113.85 yen a share, in the year ended March 31, compared with net income of 62 billion yen, or 353.76 yen, a year earlier. Sales tumbled 42 percent to 418 billion yen. For the year ending March 31, 2003, the company estimates group net income of 3 billion yen on sales of 463 billion yen. The company said it expects a first-half loss of 4.8 billion yen on sales of 210.5 billion yen.