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

To: Proud_Infidel who wrote (4902)	1/14/2003 8:39:41 PM
From: Proud_Infidel	Respond to of 25522

Teradyne reports loss on flat sales for Q4 Semiconductor Business News (01/14/03 07:40 p.m. EST) BOSTON--Teradyne Inc. reported sales of $333.6 million for the fourth quarter of 2002, relatively flat from $330.7 million in the previous period, but up from $220.2 million in the like period a year ago. The supplier of automatic test equipment (ATE) also reported a loss of $423.8 million, or minus $2.31 per share, in the period. This compares to a loss of $166.8 million, or minus $0.97 a share in the previous quarter, and a deficit of $112.6 million, or minus $0.63, in the like period a year ago. The net loss in the quarter includes a one-time, non-cash tax charge for the reversal of the opening balance of Teradyne's net deferred tax asset of $280 million. "The combination of a weak economy, weak demand for technology products and the uncertain world situation overwhelmed the recovery we had begun to see in the first half of 2002," said George Chamillard, Teradyne Chairman and CEO, in a statement. "Unfortunately, none of those negative factors has changed as we enter 2003. Therefore, our guidance is for sales in the first quarter to be between $310 and $340 million, about flat with the last two quarters. We expect to sustain a loss of between 25 cents and 33 cents per share, before any special items, and assuming no tax benefit from the losses," he said.