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

To: Donald Wennerstrom who wrote (9141)	3/11/2004 8:13:14 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Chartered ups quarterly guidance, expects sales to double Silicon Strategies 03/11/2004, 7:16 PM ET MILPITAS, Calif. -- The Singapore-based foundry Chartered Semiconductor Manufacturing expects higher revenues and an improved net loss for the first quarter of 2004 compared with original guidance issued on January 30, 2004. As a result sales revenue is likely to be almost twice that of the same quarter a year ago, the company said Thursday (March 11, 2004). Chartered projected that revenues, excluding its share of Silicon Manufacturing Partners (SMP), would be up approximately 23 to 25 percent sequentially, compared to the original guidance of up 21 to 24 percent. "We now expect that Chartered's first quarter revenues including our share of SMP will be approximately $282 million, almost twice the level of the year-ago quarter," said George Thomas, vice president and chief financial officer of Chartered. "The increase in revenue compared to our January outlook is primarily due to higher demand from customers in the communications sector. Primarily as a result of the expected higher revenues, we have also improved our guidance for the first-quarter bottom line. We now expect a net loss of approximately $7 million or $9 million net profit, when normalized for Fab 1 restructuring expense and CSP accounting treatment," Thomas also said Chartered expects the revenue contribution from 0.18-micron and below products in the first quarter to be in the mid-40s percentage of total revenues, with a dollar contribution more than twice that of the year-ago quarter. Revenues from 0.13-micron products are expected to grow approximately 35% sequentially and considerably faster than overall revenues, the company said.