Applied Materials, Inc. (AMAT) Financial News - [$$] Applied Tames Projections on Chip-Maker Spending
Applied Materials, Inc. (AMAT)
[$$] Applied Tames Projections on Chip-Maker Spending
2011-07-13 05:06:07
Quote: BY SHARA TIBKENApplied Materials Inc.'s chief executive again lowered projections for spending by chip manufacturers on equipment this year, adding to concerns about weak demand for computers and other devices. The comments from Applied CEO Mike Splinter are the latest indications of caution in the semiconductor industry, which has seen weakness of late. Consumer spending on PCs has remained soft, some large handset makers have been struggling and macroeconomic worries have hurt demand. Nonetheless, Mr. Splinter, at an industry conference in San ......
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Applied Materials, Inc. Stock Summary
Incorporated in 1967, Applied, a Delaware corporation, provides
Nanomanufacturing Technologytm solutions for the global semiconductor, flat
panel display, solar and related industries, with a broad portfolio of
innovative equipment, service and software products. “Nanomanufacturing” is the
production of ultra-small structures, including the engineering of thin layers
of film onto substrates. Applied’s customers include manufacturers of
semiconductor chips and wafers, flat panel liquid crystal displays (LCDs),
photovoltaic (PV) cells and other electronic devices, who use what they
manufacture in their own end products or sell the items to other companies for
use in advanced electronic components. The Company’s fiscal year ends on the
last Sunday in October.
Applied is the world’s largest semiconductor fabrication equipment supplier,
based on revenue, with the capability to provide global deployment and support
services. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f12%2f14%2f0000891618-07-000682.html#FIS_BUSINESS"
