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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (1395)	7/8/2002 11:33:09 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 25522

Brian, from 07/03/2002 Dow Jones News service << Equipment Companies See More Bookings While chip companies have been plagued with slowing orders during the June quarter, semiconductor capital equipment stocks have seen the opposite. Aided by inventory replenishments, mainly from Taiwanese foundries, bookings for equipment have been on the rise. Gregory Konezny, an analyst at U.S. Bancorp Piper Jaffray, said in a recent research report that orders, on average, are expected to be up 30% to 50% sequentially in the June quarter. Still, the analyst cautioned that revenue growth from many major chip makers is looking increasingly challenging, which could restrain new equipment order activity in the second half of this year. Investec analyst Timothy Summers said Applied Materials Inc. (AMAT), a leading chip equipment maker, likely will report revenue and earnings in line with expectations. Summers, who expects Applied Materials to report earnings of 6 cents a share and revenue of $1.3 billion, said the company's outlook beyond its fiscal third- quarter may include declining order growth. Applied Materials is likely to say it is seeing a slowdown in order activity and that there is less optimism for the second half of the year than there might have been three months ago, said the analyst. Based on channel checks, Summers said suppliers have indicated that Applied Materials is beginning to reduce the amount of components it is forecasting for the fourth quarter and is sending the signal that a slowdown is coming a little sharper than it had expected. Analysts have Applied Materials weighing in with fiscal third-quarter earnings of 5 cents a share and revenue of $1.3 billion when it reports Aug. 13. In the year-ago period, the chip equipment maker reported earnings of 3 cents a share and revenue of $1.33 billion. -By Donna Fuscaldo, Dow Jones Newswires; 201-938-5253; donna.fuscaldo@ dowjones.com