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.

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

To: Justa Werkenstiff who wrote (20691)	6/23/1998 6:51:00 PM
From: Jacob Snyder	Respond to of 70976

Key words from PRII: <''In March 1998, based upon our expectation that industry conditions would start to improve in the fourth quarter of calendar 1998, we implemented certain short term cost control measures,'' said Joel Elftmann, chairman and chief executive officer. ''We now expect that industry softness will continue well into calendar 1999.(a) Therefore we need to realign our business based upon an expected lower sales level in fiscal 1999.''(a) The Company expects fiscal 1999 sales to be 10 to 15 percent below the fiscal 1998 level.(a) As a result, the Company will be implementing certain long term cost reduction measures including an involuntary reduction in workforce> Yes, it is yummy bear food, but more of an appetizer compared to the Micron main course. Micron, Novellus, PRII, Intel, have all recently shed some visibility on 1999. The flat BTB and AMAT bouncing at 26 moved me a step closer to buying, but I just took a step back again.