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

To: Brad Rogers who wrote (22195)	7/27/1998 6:28:00 PM
From: Artslaw	Read Replies (2) \| Respond to of 70976

That little section near the end of CYMI's report wasn't too bullish sounding: "We are facing challenging market conditions that are expected to continue for the foreseeable future," cautioned Akins. "Based on information currently available to us, we expect total units shipped for the third quarter of 1998 to be less than those of the second quarter. However, due to higher average selling prices on the 5010 lasers, we expect total revenues and financial performance to be relatively flat for the third quarter." Here's a "news article" saying the same: biz.yahoo.com MEMC reported, also. The results were bizarre, with a massive write-off of $2.60/share making their earning (excluding one-time charge) better than expectations at a $1.03 loss! Ugly. WFR is restructuring, also: biz.yahoo.com Steve