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

To: Math Junkie who wrote (25291)	10/14/1998 3:50:00 PM
From: Ramsey Su	Respond to of 70976

Richard, From TER's press release Net income for the quarter, excluding a $23.0 million pretax provision for excess inventory, was $16.9 million ($0.20 per share). If this provision is for real, in other words, they have $23M worth of unsellable junk, then they lost money this qtr. I expect AMAT to be doing similar acct tricks via charge offs to make numbers confusing enough so their recent purchase can be as cheap as possible. Ramsey