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

To: t2 who wrote (14946)	5/13/2005 7:56:51 AM
From: Proud_Infidel	Respond to of 25522

TEL posts stellar results for '05 but sees slowdown Mark LaPedus EE Times (05/12/2005 7:35 PM EDT) SAN JOSE, Calif. — Japan's Tokyo Electron Ltd. (TEL), the world's second largest IC-equipment maker, reported a staggering 642 percent jump in profits on booming sales for its 2005 fiscal year, but the company sees a slowdown going forward. The company also ended the year on a high note. TEL on Thursday (May 12) reported sales of 206.1 billion yen ($1.93 billion) for its fiscal fourth quarter ended March 31, up 37.9 percent from the previous quarter and up 10.2 percent from the like period a year ago. In the fourth quarter, TEL (Tokyo) reported a net profit of 46.9 billion yen ($439.1 million), from 13.4 billion yen ($125.4 million) in the third period. In the combined semiconductor and flat-panel display equipment sector, TEL's sales jumped 13.3 percent in the fourth quarter, compared to the like period a year ago. But sales for TEL's computer-related products fell 5.3 percent in the fourth period. For the fiscal year ended March 31, TEL reported a net profit of 61.6 billion yen ($576.8 million), up 642 percent from the previous year. TEL said that its sales hit 635.7 billion yen ($5.95 billion) for fiscal 2005, up 20 percent from the previous year. In its 2006 fiscal year, TEL said that it expects a 41.6 percent decline in profits and a 4 percent drop in sales over fiscal 2005, due to a lull in the chip and flat-panel display industries.