Applied Materials posts loss

[dArKeR]

the world's biggest maker of computer-chip manufacturing equipment, reported a third quarter loss dragged down by a sizeable restructuring charge and a 25 per cent slump in sales.

Third quarter new orders were $1.05-billion (U.S.) down 41 per cent from $1.78-billion a year earlier. Still, that is 9 per cent above the $971-million target it provided in May when it said new orders would be flat from its second quarter.

http://theglobeandmail.com/servlet/story/RTGAM.20030812.wbapplied0812/BNStory/Business

http://darkerxdarker.tripod.com/

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1. That's bad. It confirms that semiconductor mfrs are not investing...

There was an article in Financial Times today that was looking at AppMat as a proxy to an upturn in business investment.

Looks like that went over like a fart in church.