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

To: Cary Salsberg who wrote (7040)	9/3/2003 8:21:52 AM
From: matt dillabough	Respond to of 25522

DJ Micron Customers Eye Stronger 2H For Corp Tech Spending Dow Jones News Service ~ September 2, 2003 ~ 3:42 pm EST By Donna Fuscaldo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Micron Technology Inc.'s (MU) customers are anticipating a stronger second-half for corporate technology spending than what they had thought a month or two ago, said Kipp Bedard, vice president of corporate affairs. Customers who aren't willing to call a pick up in tech spending publicly are beginning to allocate more memory chips to enterprise type computers, said Bedard at the Smith Barney Technology Conference, which was broadcast on the Internet. Micron makes memory chips used predominantly in computers. According to Bedard, Micron saw strength in the Asia Pacific region throughout August. Europe has also seen strength in the last month or two, said Bedard, noting that demand in both regions were "nice surprises." As for the back-to-school selling season, Bedard said demand has been "pretty decent." He said the memory chip maker has raised prices every two weeks throughout the quarter. The executive noted that Micron expects $1 billion in capital expenditures in its next fiscal year. -By Donna Fuscaldo, Dow Jones Newswires; 201-938-5253; donna.fuscaldo@ dowjones.com (END) Dow Jones Newswires 09-02-03 1542ET

To: Cary Salsberg who wrote (7040)	9/3/2003 10:54:07 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

AMAT CEO Says Customers' Use Of Its Equipment Is Up Wednesday September 3, 9:30 am ET By Donna Fuscaldo, Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)-- Applied Materials Inc.'s new Chief Executive Michael Splinter said Wednesday that customers' use of its equipment is increasing, with investments being made in 300 millimeter equipment. Speaking at the SG Cowen Fall Technology Conference in Boston, which was also broadcast on the Internet, Splinter said the transition to 300mm equipment is in "full swing," driven by the dynamic random access memory chip makers. He said more than 60% of Applied Material's orders are for 300mm equipment, which is new equipment used to make chips. According to the former Intel Corp. (NasdaqNM:INTC - News) executive who was named CEO four months ago, new products Applied Materials introduced in the last several months will aid in its growth. AMAT, said Splinter, added equipment that improves productivity and reduces defects. Couple those products with recent launches of measurement and inspection equipment, and Applied Materials is "very well positioned in areas we weren't playing in before," and "strongly positioned" in markets it already plays in, he said. Splinter noted that the company expects to hold and increase its market share. According to Splinter, if the company's sales stay flat, Applied Materials will be profitable, and if sales increase, the company has "great leverage." If orders do not go up, Splinter said new products and services will add to AMAT's revenue base. When asked if the company is comfortable with its target for orders to increase 10% sequentially this quarter, Joseph Bronson, the company's chief financial officer, said AMAT is standing by its outlook, which it gave two weeks ago. Shares of AMAT closed the regular session Tuesday at $21.29, down 34 cents, or 1.6%.