Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Brilliant

Why is this guy pimping NY Times propaganda stories? There is no economy. No businesses are hiring. I talked to a guy and he said semiconductor business is good because of phones and portable devices but that is it.


4 posted on 07/25/2010 9:34:49 AM PDT by Frantzie (Democrats = Party of I*lam)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: Frantzie
"I talked to a guy and he said semiconductor business is good because of phones and portable devices but that is it.

Yeah...and Applied Materials just quit out of the silar cell equipment manufacturing sector...loss of 500 jobs...

Hows that hope and change for green jpbs going.

From AMAT press release:

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.

39 posted on 07/25/2010 10:18:46 AM PDT by spokeshave (mess + 0bama = quagmire recession)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Frantzie
I have been tracking 40 Bank/FI stocks - haven't bought any, but the volatility is amazing the stocks would lose 4% one day make 2% the next.
49 posted on 07/25/2010 10:45:05 AM PDT by Perdogg (Nancy Pelosi did more damage to America on 03/21 than Al Qaeda did on 09/11)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson