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

To: Proud_Infidel who wrote (3620)	10/17/2002 8:34:21 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

TEL's orders fall 30% in Q3, says report Semiconductor Business News (10/17/02 05:34 p.m. EST) TOKYO--Citing the current IC downturn, Tokyo Electron Ltd., the world's second-largest semiconductor equipment maker, said on Thursday its net orders in the third quarter fell 30% from the prior quarter, according to a report from Reuters. Net orders were 89.3 billion yen ($717.2 million) in the period from July to September, down from 126.9 billion yen in the previous period, the report said. TEL President Tetsuro Higashi said last week the orders figure would fall slightly short of its initial target of 100 billion yen for the quarter, the report said. New orders for TEL in July-September fell 25.3% from the prior quarter to 98.1 billion yen, while cancellations nearly doubled to 8.8 billion yen from 4.5 billion yen.