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: Katherine Derbyshire who wrote (24795)	10/1/1998 5:44:00 PM
From: Robert O	Respond to of 70976

I think those guys speaks louder then those schools though one in the same 'till fairly recently. Also: AMAT alert could spell trouble for short term price: Thursday October 1, 5:15 pm Eastern Time Company Press Release Applied Materials Announces Joint Venture Restructuring SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 1, 1998--Applied Materials, Inc. (Nasdaq/NMS:AMAT - news) announced today that Applied Komatsu Technology, Inc. (AKT), a 50-50 joint venture owned by Applied Materials and Komatsu Ltd., will restructure its operations. AKT, a supplier of fabrication systems used to produce Flat Panel Displays (FPD), will focus on Chemical Vapor Deposition systems for the FPD market. AKT expects to complete its restructuring plan and associated cost estimates during Applied Materials' fourth fiscal quarter of 1998, which ends on October 25, 1998. Applied Materials expects to report, in its fourth fiscal quarter, a non-recurring charge associated with the AKT restructuring. Applied Materials announced on August 25, 1998 that it will incur a non-recurring charge regarding its own restructuring, which will result in a fourth fiscal quarter net loss for Applied Materials. This press release contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, the timing of the completion of AKT's restructuring plan and associated cost estimates, the demand for AKT's CVD products and the ability of AKT to timely align its cost structure with prevailing market conditions. Applied Materials assumes no obligation to update the information in this press release. Applied Materials, Inc. is a Fortune 500 global growth company and the world's largest supplier of wafer fabrication systems and services to the global semiconductor industry. Applied Materials is traded on the Nasdaq National Market under the symbol, AMAT. Applied Materials website is appliedmaterials.com.