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

To: Big Bucks who wrote (7528)	10/15/2003 11:21:06 AM
From: Fred Levine	Respond to of 25522

ASML order backlog grew in Q3 Chip equip maker saw rise in last two weeks of quarter By Emily Church, CBS.MarketWatch.com Last Update: 11:06 AM ET Oct. 15, 2003 The ASML (ASML: news, chart, profile) results, coupled with a forecast from leading chipmaker Intel Corp. (INTC: news, chart, profile) overnight for increasing fourth quarter sales, gave European tech stocks a boost. See European Markets and Intel's outlook "Like the chip industry as a whole, ASML sees signs of recovery riddled with inconsistencies," ASML Chief Executive Doug Dunn said. "For example, our backlog increased this quarter but so did the volatility of the intake process with almost 50 percent of the orders coming in the last 2 weeks of the quarter," he said in a statement. ASML said its order backlog swelled to 91 lithography systems at the end of the third quarter, representing 80 new and 11 refurbished systems and valued at 859 million euros. Analysts had forecast the order backlog would remain close to flat with the 62 systems at the end of June. The backlog was "much bigger than expected and puts our concern on our unit forecasts to rest," said Smith Barney in London. Two days after the close of the quarter, on Sept, 30, ASML's order book improved to 129 systems valued at 1.2 billion euros, Dutch broker Amstel Securities said. ASML said its net loss for the quarter narrowed to 31 million euros or 6 euro cents a share from losses of losses of 64 million euros in the second quarter and 60 million euros in the year-ago quarter. The average selling price of new ASML systems rose to 10.8 million euros in the quarter, up from 8.3 million euros in the second quarter. Sales rose to 370.1 million euros from 351.5 million euros. ASML shares (NL:33436: news, chart, profile) were last up 1.20 euros to 13.70 euros in Amsterdam, up 9.6 percent. Emily Church is London bureau chief of CBS.MarketWatch.com. fred

To: Big Bucks who wrote (7528)	10/15/2003 11:44:40 AM
From: Fred Levine	Read Replies (2) \| Respond to of 25522

BB-- Clearly there are massive disparities of wealth. In fact, we stayed at the home of the factory owner, and it was between a mansion and a palace with a huge courtyard swimming pool. One old man had the job of having grass grow on a small patch of lawn. Rajastan was so dry, he couldn't succeed, but he had a job. In this case, the factory owner paid $2 per day, and was also working on a development plan for the region, using much of his own money. He was an American. Most of my family worked in sweat shops because they were the best available opportunities for immigrants. They became active in unions and improved their lot. The sweat shop was preferable to eating from garbage cans, which some did. Where I really felt compassion was talking to a British social worker who was consulting to the Ethiopian police about what to do when pre-pubescent girls were beaten in brothels in the Mercado in Addis Abbaba. The parents sell these girls in order to eat, and many are abused. They knew they couldn't stop the practice, so they developed a safe house for the girls to escape. An Indian social worker I knew who worked in American slums commented how wealthy our poor are by Indian standards-- food,telephones, toilets, running water etc. are all taken for granted here. Therefore, few of us have an inkling of the desperation of some of the world. IMO, genetic engineering of food should eliminate much despair, but creating jobs has great potential. IMO, the underveloped countries have choices between importing capital or exporting labor, or starving. The sweat shops are good place to be from. They're an, unfortunately, necessary start. I don't know how many of you know this, but Brian has been active in developing a school in India as a way of helping. fred

To: Big Bucks who wrote (7528)	10/15/2003 11:54:22 AM
From: Ian@SI	Read Replies (2) \| Respond to of 25522

BB, Do you grow your own fruits, vegetables, etc. in your back yard? Or is it more efficient for you to do something with higher value and just buy food from a food store? The nature of work in the USA has continuously evolved: Agrarian to Industrial to Electrical to Electronic. With each revolution, displaced workers have probably suffered. Nonetheless, higher value jobs have been created for those who acquire the skill to do them. If you read some of Milton Friedman's works, he provides a compelling argument for letting work migrate to where it is done for least cost. In a nutshell, everyone benefits. FWIW, Ian