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

To: StanX Long who wrote (4762)	1/6/2003 9:34:01 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Ryder Collaborates with Applied Materials to Streamline Supply Chain Logistics Monday January 6, 9:31 am ET MIAMI--(BUSINESS WIRE)--Jan. 6, 2003--Ryder System, Inc. (NYSE:R - News), a global leader in supply chain and transportation management solutions, is collaborating with Applied Materials, Inc. to streamline Applied Materials' supply chain management operations in Austin, Texas. Applied Materials is the world's largest producer of wafer fabrication systems and services to the worldwide semiconductor industry. "Working with Ryder as a third-party logistics provider has enabled us to optimize our Austin materials management operation, simplifying the process while improving cycle times on critical time-sensitive parts," said Joseph R. Bronson, Executive Vice President and Chief Financial Officer of Applied Materials. "Outsourcing this responsibility to Ryder also allows us greater flexibility to align our operations with the changing requirements of our customers." Ryder's responsibilities include coordination and pick-up of required components from suppliers, as well as warehousing and delivery of cleanroom-certified products directly into the air-lock of Applied Materials' cleanroom manufacturing facilities. Ryder also is responsible for management of Applied Materials' 288,000-square foot parts staging facility with its inventory of over 40,000 parts. "The Applied Materials project is one of our most comprehensive high-tech assignments," said Tony Tegnelia, Executive Vice President of U.S. Supply Chain Operations for Ryder. "The breadth of services Ryder provides and the collaborative support we are receiving from the Applied Materials team is resulting in innovative approaches and new synergies." About Applied Materials Applied Materials (Nasdaq:AMAT - News), the largest supplier of products and services to the global semiconductor industry, is one of the world's leading information infrastructure providers. Applied Materials enables Information for Everyone(TM) by helping semiconductor manufacturers produce more powerful, portable and affordable chips. Applied Materials' Web site is appliedmaterials.com. About Ryder System, Inc. Ryder is a Fortune 500 company providing leading-edge logistics, supply chain and transportation management solutions worldwide. Ryder's stock (NYSE:R - News) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. For more information about Ryder System, Inc., visit ryder.com.