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

To: Proud_Infidel who wrote (7056)	9/4/2003 7:44:31 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

UPDATE - Chartered Semi says Q3 outlook improves Thursday September 4, 7:12 pm ET (Updates with background) SAN FRANCISCO, Sept 4 (Reuters) - Chartered Semiconductor Manufacturing Ltd (SES:CSMF.SI - News; NasdaqNM:CHRT - News), on Thursday raised its third-quarter revenue outlook due to moderately higher demand from computer makers and said its net loss would be lower than first forecast. Chartered, the world's fourth-largest contract microchip maker, said it expected third-quarter revenue of $136 million plus or minus $2 million, or up about 5 to 8 percent from the previous quarter. The company forecast a loss per American Depositary Share of 32 cents plus or minus 2 cents. The Singapore-based chipmaker in July had forecast third-quarter revenue of $134 million plus or minus $3 million, or up 3 to 7 percent from the previous quarter, and a loss per American Depositary Share of 33 cents plus or minus 2 cents. Revenues including those from the company's Silicon Manufacturing Partners joint venture chip-making plant are expected to be up 10 to 14 percent from the second quarter, compared to an initially expected rise of 5 to 10 percent, Chartered said. "The increase compared to our July outlook is primarily due to moderately higher demand from customers in our computer segment," Chartered Chief Financial Officer George Thomas said. Chartered's improved view was the latest optimistic outlook from the semiconductor industry, which is showing signs of recovering from its worst-ever downturn. Earlier on Thursday, Intel Corp. (NasdaqNM:INTC - News) narrowed its revenue forecast for the third quarter toward the high-end of its last outlook. The Semiconductor Industry Association reported on Tuesday that global sales of semiconductors rose 2.9 percent in July from June and 10.5 percent from a year earlier.