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

To: chomolungma who wrote (5821)	3/12/2003 4:54:48 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 25522

This is from the cymer thread...I've condensed it. Message 18692381 Bob Akins, Cymer's chairman and chief executive officer, noted, "In general, the pace of business in the first quarter has proved to be slightly slower than we originally anticipated. We now expect first quarter 2003 revenue to be at the low end of the $71,000,000 to $74,000,000 range, with foreign currency adjusted average selling prices at the low end of the $810,000 to $825,000 range. Turning to the outlook and general business conditions, Akins concluded, "Visibility, even for technology buys, remains limited, while short-term volatility in the semiconductor industry complicates our forecasting process. We now expect our book-to-bill ratio for the first quarter of 2003 will be below one. We continue to operate under tight cost controls, and the results of these efforts are evident in our expected low R&D and SG&A expense levels in this first quarter. We are closely monitoring industry and economic conditions, and are positioning ourselves to take advantage of the upturn when it does occur."