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

To: Jeffrey D who wrote (27099)	12/11/1998 1:45:00 PM
From: Duker	Respond to of 70976

On a more serious note (a change for me), Fitzgerald at Merrill has really done a nice job calling the most recent misery in the semiconductor cap area. He made some good, early bear calls while at UBS. At the time, I thought he was an idiot. I would have saved some cash from a TimeValueofMoney standpoint had I listened to him. I have no idea whether he has any better visibility on the other side of the curve. --Duker

To: Jeffrey D who wrote (27099)	12/11/1998 2:08:00 PM
From: Proud_Infidel	Respond to of 70976

biz.yahoo.com Applied Materials Completes Acquisition of Consilium Applied Materials Enters the Manufacturing Execution System Software Business With the Acquisition of Consilium, Inc. SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 11, 1998--Applied Materials, Inc. announced today that it has completed the acquisition of Consilium, Inc., a leading supplier of integrated semiconductor and electronics manufacturing execution systems (MES) software and services. The stock-for-stock merger was originally announced on October 12, 1998 and was approved by a vote of the shareholders of Consilium on December 10, 1998. Under the terms of the acquisition, which will be accounted for as a pooling-of-interests, each share of Consilium stock was exchanged for 0.165 of a share of Applied Materials' common stock. Applied Materials issued approximately 2 million shares of its common stock to complete the transaction. Consilium will operate as a wholly-owned subsidiary of Applied Materials. (The closing sales price of Applied Materials' common stock on December 10, 1998 was $41.1875.) ''With the acquisition of Consilium, Applied Materials has added an important strategic element to our already strong product portfolio,'' said James C. Morgan, chairman and chief executive officer. ''By broadening the scope of our Total Solutions(tm) to include Consilium's MES software, we can now provide customers additional ways to improve overall equipment effectiveness and total fab productivity.''