Applied Materials (AMAT)

[optimus203]

AMAT Announces Restructuring of Energy and Environmental Solutions Segment

Source: http://ih.advfn.com/p.php?pid=nmona&article=43684304&symbol=AMAT

Applied Materials, Inc. (Nasdaq:AMAT) today announced plans to restructure its Energy and Environmental Solutions (EES) segment to put a primary emphasis on opportunities in crystalline silicon (c-Si) solar and advanced energy, including light emitting diode (LED) technology. Upon completion of the restructuring plan, annual operating expenses are expected to decrease by at least $100 million on an annualized basis. The restructuring plan is intended to make EES a profitable segment in fiscal year 2011.

As part of the restructuring, Applied will discontinue sales to new customers of its SunFab™ fully-integrated lines for manufacturing thin film solar panels and will offer individual tools for sale to thin film solar manufacturers, including chemical vapor deposition (CVD) and physical vapor deposition (PVD) equipment. R&D efforts to improve thin film panel efficiency and high-productivity deposition will continue. The company will support existing SunFab customers with services, upgrades and capacity increases through its Applied Global Services segment. Applied’s solar R&D center in Xi’an, China will concentrate on advancing its c-Si solar and other technologies.

“While Applied has delivered significant innovations with our SunFab production line and made substantial progress on our technology roadmap, the thin film market has been negatively impacted by several factors, including delays in utility-scale solar adoption, solar panel manufacturers’ challenges in obtaining affordable capital, changes and uncertainty in government renewable energy policies, and competitive pressure from crystalline silicon technologies,” said Mike Splinter, chairman and CEO of Applied Materials. “Led by Mark Pinto, EES will focus on our industry-leading crystalline silicon solar business and on pursuing other opportunities in advanced energy technologies like LED lighting.”

The company also plans to divest its low-emissivity architectural glass coating products, while continuing development activities in emerging technologies such as “smart” electrochromic glass.

The cost of implementing the EES restructuring plan is expected to be in the range of approximately $375 million to $425 million, or $0.18 to $0.21 per share, which will be reported as cost of products sold and restructuring and asset impairments in the company’s consolidated statements of operations for the third quarter of fiscal 2010. As part of the total pre-tax cost, Applied anticipates that it will record: (i) inventory charges of up to $240 million; (ii) equipment and intangible assets impairment charges of up to $95 million; (iii) employee severance of up to $50 million; and (iv) other obligations of up to $40 million. This action is expected to impact between 400 to 500 positions globally. A number of affected employees may transfer to other groups or functions within the company. Cash expenditures related to these charges are expected to be no more than $80 million. In addition to the charges under the EES plan, the company will record a favorable adjustment of approximately $20 million to the restructuring plan previously announced on November 11, 2009 due to changes in business requirements.

Revised Q3 FY2010 Business Outlook

In May, the company announced its target for non-GAAP EPS for the third quarter of fiscal 2010 of between $0.22 and $0.26 per share, which did not include any potential restructuring charges. The revised target is for non-GAAP earnings of $0.10 to $0.14 per share, which would have been at the high end of the previous target after taking into account the approximately $0.14 per share impact of the inventory charges and other obligations related to today’s actions.

Watch Mike Splinter address the EES restructuring on the Applied Materials Blog: http://bit.ly/boKnz1.

[Stock]

Splinter seems to like the future these days. Saw him on Discovery channel Sunday night about energy on the future program.

[gottfried]

SEMI data June 2010

http://www.semi.org/en/Press/CTR_038436

SEMI chart from 2001
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb2.gif

SEMI chart from 1995
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb.gif

Ratio of SEMI billings to SIA ww chip sales
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIbillings_chipsales_ratio.gif

[gottfried]

SIA May ww chip sales

http://www.sia-online.org/galleries/gsrfiles/GSR_1005.pdf

http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsales_SEMIbookings.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsaleschange.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/bookings_chipchange.gif

[gottfried]

SEMI data May 2010

http://www.semi.org/en/Press/CTR_037662

SEMI chart from 2001
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb2.gif

SEMI chart from 1995
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb.gif

[optimus203]

Applied Materials Inc. (AMAT) Gets Bullish Confirmation


NEW YORK (Market Intellisearch) -- Shares of Applied Materials Inc. closed above the 50-day moving average of $13.32. When analyzing trading patterns, technical analysts and investors will view this development as a sign of strength. There are key data indicators that may be examined in order to determine where this stock is headed. For instance, the price when compared to the moving average can be used as an indicator to determine the trend.

Today's closing price indicates that AMAT may head higher in the foreseeable future assuming the moving average continues to increase. On the volume side, 18,674,912 shares exchanged hands versus the average volume of 26,843,100. The intraday price range is between $13.10 - $13.49 and the stock's 52 week low is 10.3 and the high is 14.94.

Other relevant figures to examine are the support and resistance levels for AMAT. Applied Materials Inc. settled at $13.39 $0.13(+0.98%), based on the pivot points, the current support and resistance levels are 13.16 and 13.55 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.

[optimus203]

iBox has been updated. Let me know if anyone thinks it should be revised. Thanks.

[optimus203]

nice. thanks for the link.

[gottfried]

optimus, for semi equipment stock discussions I know of no better board than this one http://siliconinvestor.advfn.com/subject.aspx?subjectid=37144

here on ihub I just post charts

[optimus203]

Nice. Looks like a solid recovery.

[optimus203]

Seems like this board has died down significantly since March. Did a lot of people leave during the dip?

[optimus203]

What resistance do we face now?

[optimus203]

Just got on board. Looks like safe long term play that will bounce back when the economy does. GLTA.

[gottfried]

SIA April ww chip sales

http://www.sia-online.org/galleries/gsrfiles/GSR_1004.pdf

http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsales_SEMIbookings.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsaleschange.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/bookings_chipchange.gif

[gottfried]

SEMI data April 2010

http://www.semi.org/en/Press/ctr_037028

SEMI chart from 2001
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb2.gif

SEMI chart from 1995
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb.gif

[gottfried]

SIA March ww chip sales

http://www.sia-online.org/galleries/gsrfiles/GSR_1003.pdf

http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsales_SEMIbookings.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsaleschange.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/bookings_chipchange.gif

[thetechtrader]

Technical analyst Mike Paulenoff analyzes the AMAT chart in his Charts of the Week video: http://ih.advfn.com/p.php?pid=ihvView&y=Log8-FWs3QI

[gottfried]

SEMI data March 2010

http://www.semi.org/en/Press/CTR_036234

SEMI chart from 2001
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb2.gif

SEMI chart from 1995
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb.gif

[gottfried]

SIA February ww chip sales
http://www.sia-online.org/galleries/gsrfiles/GSR_1002.pdf

http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsales_SEMIbookings.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsaleschange.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/bookings_chipchange.gif

[barattadog]

Solid volume play on this today... 20MIL share

[gottfried]

SEMI data February 2010

http://www.semi.org/en/Press/CTR_035418

SEMI chart from 2001
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb2.gif

SEMI chart from 1995
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb.gif

[mrgreyshoes]

Just enjoy the higher lows right now. There has to eventually be a rotation in to quality, beaten up stocks like AMAT.

[rayrohn]

lol them were the days !!!!

not much in the chart 3 times it been down into that 11.50 to 11.75 gap from july IMO bad sign ...

[Stock]

I guess i just miss the good old days of 50-60 cents swings intraday

[Afr]

I don't understand why its price being under 15 makes it boring... any stock with a good movement is interesting and anyone without is boring...

A.

[Stock]

I used to trade AMAT many times a day, years ago when it was above $15 a share.

It's really boring below 15

[Afr]

WARNING AMAT: After a surge in the beginning of the day the stock was confronted with major resistance at the 12.50. It traded between 12.45-12.50 for 4hours but the bulls were determined to break the resistance. The stock finally broke above 12.50 with strong volume shortly after 3pm. This is a major resistance/now support level that would be a very good entry point for a couple week ride.

Good luck to everyone

A.

[mrgreyshoes]

The point of a pair trade is to be hedged. At this level, I'd say AMAT has more upside than INTC. At some point tech moves and this is good way to eliminate some of the risk.

[Stock]

if you enjoy watching grass grow, sure

[mrgreyshoes]

Long AMAT , Short INTC as a pair trade ?

[Stock]

commodity pricing, yes, the threat for years.

good for the consumer, not so great for the companies making them

[gottfried]

except for the most important thing: price

[Stock]

right back to the good old days, huh?

[gottfried]

SIA January ww chip sales
http://www.sia-online.org/galleries/gsrfiles/GSR_1001.pdf

http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsales_SEMIbookings.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsaleschange.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/bookings_chipchange.gif

[20plus]

http://www.secform4.com/filings/6951/000118143110013798.htm

[gottfried]

the AMAT backlog chart
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/backlogchange.gif

[gottfried]

SEMI data January 2010


http://www.semi.org/en/Press/ctr_034510

SEMI chart from 2001
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb2.gif

SEMI chart from 1995
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb.gif

[*MARINE 1*]

SEOUL -(Dow Jones)- The arrest of several executives including one from Hynix Semiconductor Inc. (000660.SE) on suspicion of stealing chip-making technology from a bigger rival threatens to cast a cloud over creditors' efforts to sell down a stake in Hynix, analysts say.

On Thursday, South Korean prosecutors confirmed they arrested two executives from Applied Materials Inc. (AMAT) and an executive from Hynix Semiconductor Co. (000660.SE) for allegedly being involved in taking documents from Samsung about several process techniques and giving them to Hynix officials. Prosecutors said another 14 employees from Applied Materials and Hynix, and one from Samsung, are also under investigation.

The development comes as creditors of Hynix, the world's second largest maker of computer memory chips by revenue after Samsung, are looking to sell down their stake in the company to recoup their investments after several debt-for-equity swaps in recent years.

"It will make the stake sale in the overseas market ever more difficult," especially when creditors are already reluctant to sell their stake to foreign buyers due to concerns about a potential technology leak, said Greg Roh, an analyst at HMC Investment Securities.

Early this week, creditors of Hynix decided to extend the deadline to accept bids for their 28% stake in the chip maker by two more weeks after they received no bids in a second auction.

Hynix creditors sent out invitations in December to local investors to seek bids again after the first auction in November failed when South Korean conglomerate Hyosung Corp., which was the sole bidder for the stake, withdrew its bid on concerns about funding. After the second auction failed, creditors said they may even allow some foreign investors to take up part of the stake.

Hynix said in a statement it didn't use technology from a rival for its chip development. A Hynix representative in the U.S. didn't respond to requests for comment.

Samsung spokeswoman Lee Soo-jeong said Thursday that the company is "very concerned by this transgression as it is likely to damage the semiconductor market."

Lee said Samsung plans to take "appropriate measures," without elaborating.

Earlier, Applied Materials disclosed the arrests in a filing with the Securities & Exchange Commission. It said there are "meritorious defenses to the charges" and the company is taking appropriate measures. Applied Materials supplies semiconductor-making equipment to companies like Samsung and Hynix, which are rival makers of memory chips.

Shares in Samsung fell 0.1% to close at KRW776,000, while Hynix shares rose 2.1% at KRW21,750. The broader market closed up 0.1%.


-By In-Soo Nam and Jung-Ah Lee; Dow Jones Newswires; 822-3700-1907; [e-mail]

(Evan Ramstad and Jerry A. DiColo contributed to this article.)

[gottfried]

SIA December ww chip sales
http://www.sia-online.org/cs/papers_publications/press_release_detail?pressrelease.id=1707

http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsales_SEMIbookings.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsaleschange.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/bookings_chipchange.gif

[Stock]

all in SOX red other than AMAT, NVLS, KLAC, STM, TER and MU so far

[gottfried]

the market is not too impressed: AMAT up 16 cents

[Stock]

Applied Materials Raised To Outperform From Perform By Oppenheimer

Last update: 1/26/2010 6:33:14 AM(END) Dow Jones NewswiresJanuary 26, 2010 06:33 ET (11:33 GMT)

[Stock]

Microprocessor Shipments Up 31% In 4Q, Hitting Record -IDC
Last update: 1/26/2010 6:59:42 AM
DOW JONES NEWSWIRES

Worldwide personal-computer microprocessor shipments jumped 31% during the fourth quarter from a year earlier and rose "modestly" sequentially, indicating that "the market is returning to normal seasonal patterns," according research company IDC.

Shipments hit a record for the quarter, though IDC didn't give a figure. It did say 2009 processor shipments grew 2.5% while revenue dropped 7.1% to $28.6 billion.

"Compared to 4Q08, the huge rise in shipments indicates that the market has put the recession behind it," said Shane Rau, a research director at IDC. "Both comparisons indicate that the PC industry anticipates improvement in PC end demand in 2010."

IDC joins other firms in projecting increased demand for computer technology as the country exits the recession, saying it now sees 15% growth in processor shipments for 2010, compared with 2009 --more than the research company had previously expected.

By market share, Intel Corp. (INTC) fell 0.6 percentage point to 80.5% and Advanced Micro Devices Inc. (AMD) rose 0.7 point to 19.4%.

-By Nathan Becker, Dow Jones Newswires; 212-416-2855; [e-mail]; (END) Dow Jones NewswiresJanuary 26, 2010 06:59 ET (11:59 GMT)

[gottfried]

bad reporting is all over. Example: > With the SOXX now in the 61st month of sustained appreciation without a >10% correction<

from http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26265362

SOX for 60 months

[Stock]

that was from DJ Newswires. Bad reporting, I guess.

[gottfried]

actually >He also downgraded Novellus /quotes/comstock/15*!nvls/quotes/nls/nvls (NVLS 21.43, -0.70, -3.16%) and Applied Materials /quotes/comstock/15*!amat/quotes/nls/amat (AMAT 13.15, -0.43, -3.17%) to hold from buy. <

http://www.marketwatch.com/story/citigroup-downgrades-chip-equipment-stocks-2010-01-22?siteid=yhoof2

[Stock]

Applied Materials Cut To Sell From Hold By Citigroup >AMAT

Last update: 1/22/2010 8:43:28 AM

[gottfried]

SEMI data December 2009

http://www.semi.org/en/Press/CTR_033988?id=highlights

SEMI chart from 2001
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb2.gif

SEMI chart from 1995
http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/SEMIequipment_btb.gif

[Stock]

FBR raises AMAT target from 14 to 20

[gottfried]

SIA November ww chip sales
http://www.sia-online.org/galleries/gsrfiles/GSR_0911.pdf

http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsales_SEMIbookings.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/chipsaleschange.gif


http://i105.photobucket.com/albums/m225/maugott/SEMI%20charts/bookings_chipchange.gif