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

To: etchmeister who wrote (15259)	6/15/2005 8:13:45 AM
From: Proud_Infidel	Respond to of 25522

Philips warns on consumer demand Maker of DVD players, shavers blames Europe By Steve Goldstein, MarketWatch Last Update: 7:54 AM ET June 15, 2005 LONDON (MarketWatch) -- Philips Electronics on Wednesday warned it's seeing lighter demand in consumer markets during the second quarter. Philips Electronics (PHG: news, chart, profile) (NL:00953: news, chart, profile) makes products for consumers such as flat screen televisions, DVD players, coffee makers and shavers. "Economic indicators around the world point to reduced growth rates. Europe in particular is suffering from a weakened consumer retail environment in the second quarter, hampering our growth ambitions in the short term," said Gerard Kleisterlee, president and CEO. Europe's largest electronics company said it'll invest 75 million euros in its brand campaign during the second quarter. Shares slid 5.2% in Amsterdam mid-day trade. "The warning for second-quarter overall performance is disappointing, particularly after the confirmation of medium-term targets earlier this month," said brokers at Holland's SNS Securities. The Dutch broker had already forecast that second-quarter results would be the low point of the year. But analysts at Dresdner Kleinwort Wasserstein pointed out that Philips' holdings in Taiwan Semi (TSM: news, chart, profile) and LG.Philips LCD (LPL: news, chart, profile) should help offset the consumer weakness. In the first quarter, Philips consumer electronics division saw operating profits fall 22% to 46 million euros on sales of 2.15 billion euros, and its domestic appliances and personal care division saw operating profits rise 27% to 56 million euros on sales of 427 million euros. 'Others activities' problems Philips in its statement on Wednesday added that its "others activities" division is seeing a deteriorating business performance. That division includes units focused on research, intellectual property and standards, as well as units that don't fit into its main divisions. Philips' businesses in the division include ones that makes dictation products, precision glass technology and power coils. The "other activities" division saw its operating loss widen to 73 million euros on sales of 630 million euros during the first quarter. It's looking to continue to sell non-core units in the division, Philips said. Philips, in a statement before a presentation on its medical systems division, said it'll look to acquisitions or alliances to build the medical systems division. It said minimally invasive techniques and molecular medicine are examples of medical technology that will help treat and prevent conditions such as heart disease and cancer instead of just diagnose.

To: etchmeister who wrote (15259)	6/15/2005 1:41:49 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

AMD considering third German fab Christoph Hammerschmidt EETimes Germany (06/15/2005 12:47 PM EDT) MUNICH, Germany — Advanced Micro Devices Inc. is reported to be considering the construction of a third chip production line in Dresden, Germany. According to a report by the Frankfurter Allgemeine Zeitung, AMD (Sunnyvale, Calif.) is close to making a decision on whether to expand its operations in Dresden. "It is very likely that by the beginning of 2008 we will need a new fab," AMD CEO Hector Ruiz told the newspaper. A decision is expected by mid-2006. The government of the German state of Saxony has reportedly acknowledged that it is in talks with AMD about expanding the Dresden operation. AMD's Dresden operation includes a 200-mm fab line. A 300-mm line, Fab 36, is currently ramping up production, and will start producing 64-bit processors early next year, AMD Chief Scientist William Siegle told EE Times.de in an interview. AMD produces all of its microprocessors in Dresden. According to Siegle, about 20 percent of the global demand for x86 processors is produced at AMD's Dresden fabs. According to the German press report, AMD's new investment could reach about 2.5 billion euros (about $3 billion). The new fab would employ about 1,000 workers.