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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (12488)	11/12/2003 4:54:24 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95456

The following is a summary article on AMAT's yearly and quarterly report tonight. <<Applied Materials' profits, sales shrink Orders improve, though, as tool maker sees upturn By Chris Kraeuter, CBS.MarketWatch.com Last Update: 4:33 PM ET Nov. 12, 2003 SAN FRANCISCO (CBS.MW) -- Applied Materials' fiscal fourth-quarter earnings of a penny a share and revenue of $1.22 billion declined from the same quarter last year, but less than expected, the chip-equipment manufacturer announced late Wednesday. Also, Applied (AMAT: news, chart, profile) said orders, an indicator of future sales, rose 21 percent, which was more than expected. "We believe that we are in the early stages of an industry uptrend," said CEO Mike Splinter, according to a statement, citing stronger end-user demand for notebook computers and communications products. The Santa Clara, Calif.-based company makes tools used to manufacture semiconductors. For the quarter ended on Oct. 26, Applied reported net income of $15 million, or 1 cent a share, and revenue of $1.22 billion compared with earnings of $147 million, or 9 cents a share, and revenue of $1.45 billion during the same quarter last year. Excluding expected realignment charges of $114 million, or 5 cents a share, Applied earned $95 million, or 6 cents a share. Analysts expected Applied Materials to earn, excluding charges, 5 cents a share on revenue of $1.13 billion, on average, according to Reuters Research. Orders grew 21 percent sequentially to $1.28 billion. Splinter said sales and order momentum reflect confidence by his customers in business conditions and a need for greater capacity.>>