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.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (11358)	7/10/1998 5:52:00 PM
From: Oeconomicus	Respond to of 18691

Do you think a news leak is what made the price jump yesterday? No. Trading seemed pretty normal, i.e. range bound. The chart looked like, as Joe Kernan might joke, "a coiled spring", but it was still a few points from a breakout. Maybe this will do it. Bob

To: CatLady who wrote (11358)	7/10/1998 7:14:00 PM
From: CatLady	Read Replies (1) \| Respond to of 18691

More bad news for Semi's - AMAT warning: Applied Materials' Third Fiscal Quarter Results to be Below Expectations Business Wire - July 10, 1998 17:06 SANTA CLARA, Calif.--(BUSINESS WIRE)--July 10, 1998--Applied Materials, Inc., the world's largest supplier of wafer fabrication systems and services to the global semiconductor industry, announced today that it expects its financial results for the third fiscal quarter ending July 26, 1998 to be below expectations. The Company currently expects new orders of $600 million to $675 million, net sales of $850 million to $885 million and ongoing earnings of $0.15 to $0.18 per diluted share for the third fiscal quarter of 1998. The ongoing earnings forecast excludes an estimated $25 million to $30 million restructuring charge (approximately $0.05 per share after-tax) associated with a Voluntary Separation Plan announced by the Company on May 26, 1998. Applied Materials will release its financial results for the third fiscal quarter on August 11, 1998. The Company's customers are delaying orders, rescheduling equipment deliveries and reducing spending on wafer fabrication support as they evaluate the impacts of difficult economic conditions in Asia, DRAM overcapacity and weaker than expected PC sales, compounded by a movement to lower-priced (sub $1,000) PCs. Although these factors have been present for some time, their near-term effect on the semiconductor equipment industry will be more severe than previously anticipated. go2net.newsalert.com