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

To: Ramsey Su who wrote (22051)	7/22/1998 9:01:00 AM
From: John Sikora	Respond to of 70976

Ramsey, The industry is in the midst of the worst downturn in history. When economies crumble as they have in Asia, they don't recover very quickly...KLIC reported this morning: "We expect weak business conditions to continue for the next few quarters and as a result we intend to further reduce headcount to lower ongoing operating expenses. In addition, we expect to have less revenue in the September quarter relative to the June quarter, and to incur a substantially larger loss than the current First Call estimated loss of twenty-eight cents, before the effect of resizing our operations." It's like a broken record...several quarters of weakness... john