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

To: Proud_Infidel who wrote (1563)	7/17/2002 1:38:37 PM
From: Proud_Infidel	Respond to of 25522

TER hurting the equipment sector today..... Sour forecast trips up Teradyne stock NEW YORK, July 17 (Reuters) - Shares of semiconductor equipment maker Teradyne Inc. (NYSE:TER - News) tumbled 14 percent in midday trade Wednesday as investors digested its large quarterly loss and turned sour on its prospects for the rest of the year. While Boston-based Teradyne, the dominant maker of testing tools used by chip makers, lost slightly less than Wall Street expected in the second quarter, the company's third-quarter forecast failed to match hopes for a recovery in the chip equipment industry. Shares of Teradyne fell $3.05, or 14 percent, to $18.70 on Nasdaq, a low unseen since last October when stocks sank after the Sept. 11 attacks in the United States. Teradyne forecasted a loss of between 26 cents and 32 cents a share, with revenue of between $325 million and $350 million. The company declined to comment on its chances of turning a profit in the fourth quarter. The company said in a conference call with analysts on Wednesday it would need revenue of $450 million in the fourth quarter to break even, a result that Merrill Lynch analyst Brett Hodess said was "impossible." Hodess, whose firm has no investment banking relationships with Teradyne, also said the company was beginning to be looser with its pocketbook -- reinstating salary raises -- when the market called for tighter budgets. "Here they are losing money hand over fist and they just gave their employees a raise and they took off temporary pay cuts," Hodess said. Goldman Sachs analyst James Covello said Wall Street estimates on Teradyne will need to be reduced, adding that the possibility of the company breaking even by the end of the year is "a difficult goal to attain."

To: Proud_Infidel who wrote (1563)	7/17/2002 1:53:19 PM
From: FJB	Read Replies (2) \| Respond to of 25522

What the CFO did is already covered by Regulation FD. Selective disclosure occurs when issuers release material nonpublic information about a company to selected persons, such as securities analysts or institutional investors, before disclosing the information to the general public. ... When selective disclosure of material information is made unintentionally, the company must publicly disclose the information promptly thereafter. sec.gov

To: Proud_Infidel who wrote (1563)	7/17/2002 1:57:22 PM
From: Gottfried	Read Replies (1) \| Respond to of 25522

Brian, I sent e-mail to IR as follows... "I just found this bit of information from briefing.com 9:57 am PT Applied Materials cautious on next several qtrs (AMAT) 17.63 -0.77: We are hearing from Goldman Sachs that AMAT's CFO is incrementally more cautious on the next several qtrs; CFO has told the firm that Q3 will be "up a little bit at best" or even flat-to-down, whereas the Street consensus is for sales to rise 5%, and he indicated that Q4 visibility remains poor as well. This info went to Goldman Sachs, then briefing.com and I saw it on Yahoo. I request that Applied Materials either issue a press release when material information like this becomes available or make it available to share holders by e-mail. The existing way material information is disseminated is unacceptable to me. Gottfried Mauersberger"