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

To: Proud_Infidel who wrote (7677)	10/22/2003 5:54:48 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Even though KLAC is guiding lower, the general tone of Schroeder seems upbeat on the future with regards to fabs coming online, tight capacity etc- also commenting the low-levels of capex are not a viable business strategy. People selling first and asking questions later tonight though. The entire sector is getting hit as I write this.....will see if it sticks for tomorrow. KLA-Tencor beats Q3 estimates, sales jump by 3% Silicon Strategies 10/22/2003, 4:50 PM ET SAN JOSE -- Chip-equipment maker KLA-Tencor Inc. posted sales of $317.97 in its fourth fiscal quarter, up 3 percent from $308 in the previous period, but down 15.3 percent from $375.5 million in the like period a year ago. The company posted a profit of $36.8 million, or $0.19 a share, compared to $29 million, or $0.15 a share, in the previous period, and $51.3 million, or $0.27 a share, a year ago. KLA-Tencor beat at least one forecast from an analyst, who remains conservative about the company's future growth (see October 22 story). KLA-Tencor Chief Executive Ken Schroeder remained bullish about the prospects for growth in capital spending. "Leading-edge capacity remains very tight and planning for some of the larger fab projects is moving ahead," he said in a statement. "Although cautious sentiment still predominates among several of our customers, orders of long lead-time equipment appear to be rising in the industry, as some chipmakers take the first step to expanding their future capacity," Schroeder said. "Abnormally low levels of equipment spending helped chipmakers weather the technology industry downturn, but are simply not a viable long-term business strategy. Chipmakers must invest in leading-edge technology and capacity in order to remain competitive as next-generation applications enter production," he added.