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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (18595)	4/6/1998 6:13:00 PM
From: jtechkid	Read Replies (1) \| Respond to of 70976

motorolla first quarter 23 cents see's second quarter significantly worst than estimates sees the asia effect going on "at least" for the next several quarters -first quarter semi i products fell 4% -basicly had nothing to say-one positive is the estimates are coming down so much at some point you have to beat them. one word speculative bubble

To: 16yearcycle who wrote (18595)	4/6/1998 9:39:00 PM
From: Proud_Infidel	Respond to of 70976

IPEC, a leader in the CMP arena, preannounces: Monday April 6, 6:40 pm Eastern Time Company Press Release Integrated Process Equipment Corp. Expects Q3 Revenues to Total Approximately $41 Million SAN JOSE, Calif.--(BUSINESS WIRE)--April 6, 1998--Integrated Process Equipment Corp. (NASDAQ/NMS:IPEC - news) today announced that it expects revenues for the third quarter ended March 31, 1998 to total approximately $41 million. The financial crisis in Asia has resulted in postponement of shipments of semiconductor equipment, due to the inability of a significant number of Asian customers to obtain timely financing. This has reduced IPEC's revenue in both CMP (chemical-mechanical planarization) and silicon wafer equipment. For the quarter ended March 31, 1998 the company anticipates a loss of $0.13 - $0.15 per share. As a result, the company is taking actions to better align its cost structure with current business conditions in the industry. John S. Hodgson, Chief Financial Officer, commented: ''In view of the continuing situation in Asia, management has decided to take cost-containment measures to adjust to the current business conditions. These cuts will include: salary cuts among senior management; mandatory vacations; and certain project cost reductions.'' IPEC has established CMP industry leadership with its advanced high-throughput tools, the AvantGaard 676 and 776, backed by a global field service operation,'' stated Roger McDaniel, President and Chief Executive Officer. ''Moreover, IPEC has two advanced programs for the next generation of tools for semiconductor manufacturers: copper processes and 300mm wafers. While non-essential costs will be eliminated, the Company will maintain critical investments in strategic programs. Program timing will be adjusted to coincide with industry demand for new products such as the 300mm CMP tool. ''And despite the current situation in Asia, much of the industry's long-term growth is forecast for the Pacific Rim/Asia. We will make critical investments in sales and field service operations there. We regret the disruption which these cost-cutting actions will have on affected employees. However, we must reduce costs while positioning our Company for the eventual industry turnaround.'' Integrated Process Equipment Corp. is a leading supplier of chemical-mechanical planarization systems used in the manufacture of advanced semiconductors. IPEC Planar manufactures CMP equipment and CMP-related products. IPEC Precision manufactures advanced plasma-assisted etching and metrology equipment. This press release contains forward-looking statements relating to planned cost reductions, next-generation equipment and long-term industry growth. Actual results may vary from projected results. Cost reductions may not be sufficient if industry conditions do not improve. Next-generation equipment may not be widely accepted and the timing of acceptance is uncertain. Alternative technologies may become available and adversely affect acceptance of IPEC's next-generation products. Forecasts of industry growth by market analysts may not be correct and the timing of growth in Asia is uncertain. See the Company's quarterly and annual reports filed with the SEC for additional risks affecting the Company.