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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (58927)	8/12/2003 2:55:40 PM
From: Sully-	Respond to of 65232

Only in America RR. Now how do those folks out there squealing about loss of freedoms, arrests, threats & firings from their jobs for simply expressing a dissenting opinion square this away?

To: RR who wrote (58927)	8/12/2003 4:17:05 PM
From: Sully-	Read Replies (2) \| Respond to of 65232

AMAT ..... Mike Splinter, president and CEO of Applied Materials said.... "Although semiconductor manufacturers continue to be cautious in their capital spending, we see positive indicators emerging. An improved global economy and higher fab utilization are giving customers the confidence to gradually invest in new technology for the transition to advanced chip designs and 300mm wafer production....." biz.yahoo.com Reuters Applied Materials swings to 3rd-quarter loss Tuesday August 12, 4:06 pm ET SAN FRANCISCO, Aug 12 (Reuters) - Applied Materials Inc. (NasdaqNM:AMAT - News), the world's largest maker of microchip production tools, swung to a quarterly loss on Tuesday, as chip makers held off on plans to aggressively expand and upgrade their factories. New equipment orders, an indicator of future revenue, fell 41 percent in the quarter to $1.05 billion from a year earlier, but came in above the company's target of about $970 million. The global market for microchip-making equipment has fallen about 60 percent from 2000 levels, and sales of such tools are expected to recover only 4 percent this year to $20.5 billion. In its fiscal third quarter ended ended July 27, the Santa Clara, California-based company said it lost $37 million, or 2 cents a share, compared to a year earlier profit of $115 million, or 7 cents a share. Excluding a charge for restructuring and job cuts, earnings would have been a profit of $78 million, or 5 cents a share. Net sales declined to $1.09 billion from $1.46 billion last year. Wall Street was expecting earnings in a range of a profit 3 cents to 5 cents a share, with an average estimate of 4 cents a share, according to a poll of 26 analysts by Reuters Research, a unit of Reuters Group Plc. biz.yahoo.com