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

To: Sarmad Y. Hermiz who wrote (2324)	8/13/2002 4:28:48 PM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 25522

Results for the quarter seem generally above expectations. However the 5% growth in new orders seems a bit weak. Not much movement in AH price yet. I guess everyone waiting for the forward order outlook. Anything better than a 10% reduction will probably not be looked at too negatively.

To: Sarmad Y. Hermiz who wrote (2324)	8/13/2002 4:57:03 PM
From: Proud_Infidel	Respond to of 25522

Love this take on AMAT's earnings from the Street.con......note the bold.....apparently AMAT is supposed to grow by 51% per quarter.....what a joke! Applied Materials Beats Estimates, but Growth Is a Concern By K.C. Swanson Staff Reporter 08/13/2002 04:39 PM EDT Today Applied Materials (AMAT:Nasdaq - news - commentary - research - analysis) offered weary investors a brief respite from the gloom that's lately plagued all things chip-related, handily besting the Street's revenue and earnings forecasts. But its results also showed a rapid slowdown in orders growth, suggesting the company's guidance for next quarter is likely to look considerably less rosy. The leading chip-equipment concern posted sales of $1.46 billion for its fiscal third quarter, well ahead of analyst estimates for $1.29 billion. Sales were up 26% sequentially but still 7% below the same quarter last year. Earnings per share came in at 7 cents, above expectations for a nickel per share. Net income of $115 million was up 121% from the second quarter and flat with last year's levels. Gross margins of 41.5% were up slightly from 40% in the prior quarter. However, in a reflection of the sudden slackening of demand that's rattled the industry, Applied said orders for the July quarter increased a mere 5% sequentially. That compares with the previous quarter's robust order growth of 51%. The company will be offering guidance in a conference call this evening. In a prepared statement, CEO James Morgan talked up new technologies that offer Applied's clients big gains in manufacturing efficiency, by reducing the size of chips. "With the strong long-term outlook for our industry, we believe Applied Materials is well-positioned to capitalize on the opportunities ahead," he said.