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: Tony Viola who wrote (26372)	11/17/1998 5:10:00 PM
From: D.J.Smyth	Respond to of 70976

DJN print on earnings: Applied Materials earnings\Business inventories\DEPO (BW) - 1998--Applied Materials, Inc. (NASDAQ: AMAT), a supplier of wafer fabrication systems and services to the global semiconductor industry, reported results for its fourth fiscal quarter ended October 25, 1998, with net sales of $673 million, down 47 percent from $1.28 billion for the fourth fiscal quarter of 1997 and down 24 percent from $884 million for the third fiscal quarter of 1998. The net loss for the fourth fiscal quarter of 1998 was $186.7 million, or $0.51 per share. Ongoing net income, net income excluding one-time items, for the fourth fiscal quarter of 1998 was $26.4 million, or $0.07 per diluted share, down from $187.3 million, or $0.49 per diluted share, for the fourth fiscal quarter of 1997, and down from $70.6 million, or $0.19 per diluted share, for the third fiscal quarter of 1998. A poll of analysts by Zacks estimated earnings of $0.03 per share. New orders of $684 million for the fourth fiscal quarter of 1998 decreased from $1.37 billion for the fourth fiscal quarter of 1997 and increased from $608 million for the third fiscal quarter of 1998. Geographically, North America new orders for the fourth fiscal quarter of 1998 were 52 percent of the Company's total new orders, Europe 12 percent, Japan 17 percent, Korea 5 percent, Taiwan 7 percent and Southeast Asia and China 7 percent. Backlog at the end of the fourth fiscal quarter of 1998 decreased to $917 million, from $1 billion at the end of the third fiscal quarter of 1998. "Despite some recent favorable developments in the world economy and semiconductor industry, the outlook for our business is uncertain," concluded James C. Morgan, chairman and chief executive officer. 11/17 (1515) and separate headline: 15:46 DJH Applied Materials Says Outlook For Its Operations Is 'Uncertain' 15:46 DJH Applied Materials Says Outlook For Its Operations Is 'Uncertain' * Dow Jones Headline * Applied Materials Says Outlook For Its Operations Is 'Uncertain' (:AMAT) 11/17 3:46p CST