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

To: Proud_Infidel who wrote (11761)	10/19/2004 12:04:07 AM
From: etchmeister	Read Replies (3) \| Respond to of 25522

`Looking at the fourth quarter, the company expects total revenue to range from $2.96 billion to $3.2 billion with earnings of 24 cents to 28 cents a share, a sequential decline in sales. Some of the decline, said March, is seasonal, reflecting slower sales of calculators to students. However, while semiconductor sales will sometimes make up for the end of back-to-school season, they won't this quarter, March added. In the corresponding quarter in 2003, total sales were $2.77 billion. The question (IMHO) is where IC sales will end up; TI's midpoint is about 100 million below the current quarter. However IC makers pulled back very early. It seems to confirm that we are halfway through in regards to inventory correction.