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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (5559)	5/26/1998 10:34:00 PM
From: Investor2	Respond to of 10921

Re: "ETEC released OK results today" Yes, the earnings were $0.47 vs consensus estimate of $0.49. Not too bad. Best wishes, I2

To: FJB who wrote (5559)	5/26/1998 11:04:00 PM
From: SemiBull	Respond to of 10921

AMAT announces bad news too: Applied Materials Announces Voluntary Separation Plan SANTA CLARA, Calif.--(BUSINESS WIRE)--May 26, 1998--Applied Materials, Inc. announced today that it will implement a Voluntary Separation Plan (VSP) as part of its continuing efforts to reduce costs as a result of continued cutbacks in capital equipment investment by semiconductor manufacturers. This program will be offered in early June to employees on a selective basis, the majority of whom are in Santa Clara and Austin, Texas. A package of separation pay and benefits will be provided to eligible employees who choose to leave the Company under the VSP. Although Applied Materials has implemented several cost reduction programs this year, continued slowdown in demand requires the Company to decrease expenses further. As a result of this workforce reduction, Applied Materials will incur a pre-tax restructuring charge currently estimated to be $25 million - $30 million, or approximately $0.05 per share after-tax, during its third fiscal quarter ending July 26, 1998. This charge will primarily cover the cost of employee separation pay and benefits. While the semiconductor industry is currently experiencing a slowdown in demand, Applied Materials remains confident about the long-term business outlook for the industry and the Company. This press release contains certain forward-looking statements, such as the estimated restructuring charge, that are subject to risks and uncertainties that could cause actual results to differ materially.