Applied Materials to cut 1,800 jobs; profit falls 45%
By Rex Crum, MarketWatch
Last update: 5:40 p.m. EST Nov. 12, 2008
Comments: 5
SAN FRANCISCO (MarketWatch) -- Applied Materials Inc. on Wednesday reported a fourth-quarter profit that fell 45% as the semiconductor-and-solar panel equipment maker delivered weaker sales due to broad declines in corporate spending on technology products. The company also said it would slash 1,800 jobs in order to cut its costs over the next year.
My posting is for my own entertainment, do your own DD before pushing your buy/call button