Smith & Associates | Featured Story: Downturn in the IC equipment market is over, says analyst

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Featured Story: Downturn in the IC equipment market is over, says analyst

Monday, 17 August 2009 10:10

Full Issue

58-ic Although the overall semiconductor market is expected to drop by 46 percent in 2009, it shows signs of rapid recovery, according to The Information Network market research company (New Tripoli, Pennsylvania).

To illustrate this point, The Information Network said it considers Applied Materials' results as a confirmation that "the downturn in the semiconductor equipment market is over".

Revenue for the company's fiscal third quarter was indeed $1.13 billion, up 10 percent from the previous quarter, Applied (Santa Clara, Calif.) said.

The company narrowed its GAAP net loss for the quarter compared to $255 million, or 19 cents per share, in the previous quarter. In the year-ago quarter, Applied posted a GAAP net income of $165 million, or 12 cents per share.

Read more in the August 13, 2009 EETimes

"Downturn in the IC equipment market is over, says analyst"

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