Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Donald Wennerstrom who wrote (48610)	7/21/2010 9:49:49 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95587

Applied Materials cuttting up 500 jobs 8:55 AM ET 7/21/10 NEW YORK (MarketWatch) -- Applied Materials Inc. said it plans to cut up to 500 jobs and take a third-quarter charge of $375 million to $425 million, or 18 cents to 21 cents a share, as it pares down its thin film solar manufacturing equipment products, called SunFab. The company said it will focus on crystalline silicon solar equipment and light-emitting diodes. The Santa Clara, Calif., tech giant said the thin film solar equipment market faces delays in utility-scale solar adoption, solar panel manufacturers' challenges in obtaining affordable capital, changes and uncertainty in government renewable energy policies, and competitive pressure from crystalline silicon technologies. The company lowered its adjusted third-quarter earnings target to 10 cents a share to 14 cents a share, from 22 cents a share to 26 cents a share, based on the new charges.