BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Applied Materials has a bad Q2]]>http://www.bloggingstocks.com/2009/05/14/applied-materials-has-a-bad-q2/http://www.bloggingstocks.com/2009/05/14/applied-materials-has-a-bad-q2/http://www.bloggingstocks.com/2009/05/14/applied-materials-has-a-bad-q2/#commentsFiled under: , , , , ,

Applied Materials (NASDAQ: AMAT) reported Q2 numbers earlier in the week. They were dismal, to say the least. According to Jon Ogg's Closing Bell on Wednesday, the semiconductor business saw its top line reduced by 50%, and the adjusted loss came to 10 cents per share. Yes, yes, that met expectations. So what? The article also mentioned that the solar operation wasn't doing so hot.

Looking through the actual earnings release, I don't see a lot of things that would make a shareholder happy. Backlog was down. Applied Materials had to use cash to keep things going over the last six months (obviously investors would rather see cash generated from operations). And CEO Mike Splinter described the current climate as very tough in terms of customer demand.

Continue reading Applied Materials has a bad Q2

Applied Materials has a bad Q2 originally appeared on BloggingStocks on Thu, 14 May 2009 09:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>AAPLAMATappleapplied materialsAppliedMaterialshewlett-packardHPQinthenewsMicrosoftMike SplinterMikeSplinterMSFTsemiconductortechtech stocksTechStocksThu, 14 May 2009 09:20:00 EST