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

To: StanX Long who wrote (5193)	1/28/2003 5:13:20 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

UPDATE - Cymer posts wider 4th-qtr loss on higher revenue Tuesday January 28, 5:10 pm ET (Updates with guidance, full-year results, stock price) SAN DIEGO, Calif., Jan 28 (Reuters) - Cymer Inc. (NasdaqNM:CYMI - News), the maker of equipment used in semiconductor manufacturing, on Tuesday posted a wider fourth-quarter net loss but saw revenue rise from a year ago. Cymer had a net loss of $3.9 million, or 11 cents a share, compared with a loss of $1.9 million, or 6 cents, a year ago. Analysts had on average forecast the company would post a loss of 12 cents a share, in a range between a loss of 9 cents and 13 cents, according to Thomson First Call. Revenue rose to $70 million, up 28 percent from $54.8 million a year ago and beat Wall Street and company expectations, the San Diego, California-based company said. For the full fiscal year, Cymer posted net income of $13.6 million, or 39 cents a share, on revenue of $290.2 million. For the first quarter, Cymer said it expects revenue between $71 million and $74 million, gross margin between 31 percent and 34 percent and capital spending between $40 million and $45 million. "Given the mixed state of the industry and the ongoing level of worldwide political uncertainty today, we believe the industry will not begin a robust upturn before the second half of the year at the earliest, and our internal plan doesn't contemplate an upturn of signficance before the end of the year," Bob Akins, Cymer chief executive, said in a statement. Cymer will issue a first-quarter update during the week of March 10. Cymer closed at $32.07, down 34 cents or 1 percent, on the day. They were up to $32.65 in after-hours trade on Instinet.