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: Diamond Jim who wrote (21434)	7/10/1998 5:42:00 PM
From: Proud_Infidel	Read Replies (4) \| Respond to of 70976

Applied Materials Inc. (AMAT) 29 1/2 +1/2: semiconductor wafer fabrication equipment manufacturer is warning that it expects fiscal Q3 net of $0.15 to $0.18 a share, below the First Call estimate of $0.21 a share, on sales of $850 mln to $885 mln; cites DRAM overcapacity, lower prices and delayed orders from Asia for earnings shortfall; also expects new orders in Q3 and Q4 to be significantly below its Q2 level; 16:57 [AMAT] APPLIED MATERIALS SEES Q3, Q4 1998 NEW ORDERS LOWER THAN Q2 $1.03 BLN. This should put the BTB for the Q at about .85, maybe .84 depending upon where revs come in. Looks like the bottom will happen sometime later this year at the earliest and not this summer as many had projected.