09 maj: Pas på de skjulte forsikringer
13 maj: Nye produkter storsælger hos Pandora
10-05-2012 15:57:00

Applied Materials To Restructure Solar Business, Record Charges

Relateret indhold
Relateret debat
15 feb - 
Det var vist klogt holdt.
12 feb - 
Enig, jeg har bare forholdsvis begrænsede midler og and..
12 feb - 
Amat er et fantastisk selskab og du kan nemt være langs..

By Shara Tibken

Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Applied Materials Inc. (AMAT) said it plans to restructure its solar business to better cope with challenging conditions in that industry.

Applied Materials--the largest provider of machines used in making semiconductors, solar panels and displays--said it will record restructuring charges of $70 million to $100 million, or 4 cents to 6 cents a share, over the next 12 to 18 months, starting in the fiscal third quarter ending in July.

The charge includes severance costs for about 250 employee positions, inventory charges, fixed asset impairment charges, and costs for lease terminations. Applied Materials said the inventory charges of up to $15 million, or 1 cent a share, will be included in both its adjusted and unadjusted earnings. Applied Materials also expects as much as $55 million in cash expenditures under its plan.

Shares, down 26% over the past 12 months, rose 1% to $11.19 in recent trading.

The Santa Clara, Calif., company, best known for its semiconductor manufacturing equipment business, regularly experiences sharp boom-and-bust cycles triggered by fluctuations in supplies of chip and demand for them. The company has broadened its business to include tools used in making solar panels and displays used in computers and TVs. But supply gluts for manufacturers in those businesses have slowed plans to boost production capacity in the past year and have hurt Applied Materials' results.

The company in February reported a 77% decline in profit for the first fiscal quarter on revenue that slid 19%. The numbers were better than Applied Materials predicted, and it provided an upbeat forecast for the fiscal second quarter. However, it later forecast weaker-than-expected guidance for the fiscal year, which it blamed on its solar and display businesses.

Applied Materials in March said it would cut additional costs from its solar operations to counteract the weakness. The company at the time said it planned to lower its fiscal 2013 solar breakeven level, or the amount of revenue needed to be profitable, to $500 million from $800 million.

The company on Thursday said its restructuring steps will help it meet the breakeven point.

As part of the restructuring plan unveiled Thursday, Applied Materials said it will relocate manufacturing operations for is precision wafering system solar business to Asia from Cheseaux, Switzerland. PWS business operations and customer support functions will be relocated primarily to Treviso, Italy, and Xi'an, China--locations of other Applied Materials operations. PWS' headquarters and new product development will remain in Switzerland.

The company said the plan also includes "significant" reductions in development activities for the light-emitting diode equipment market.

-By Shara Tibken, Dow Jones Newswires; 212-416-2189; shara.tibken@dowjones.com

(END) Dow Jones Newswires

May 10, 2012 09:57 ET (13:57 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
12 feb
AMAT
Haha ja ok. Jeg har 15 :/ Men det var hvad jeg havde råd til den gang.
1

Fondsbørsmeddelelser

Nordea/Nykredit: Mindre gevinst ved flytningen betyder ikke meget

16-02-2018 16:17:10
Ændringen i besparelserne ved Nordeas flytning til Finland fra Sverige betyder ikke frygtelig meget.Det vurderer analytiker ved Nykredit Markets Ricky Steen Rasmussen.Forventningerne til besparelserne i forbindelse med flytningen til Finland er blevet justeret til 0,9-1,2 mia. euro fra 1,1-1,3 mia. euro. Det oplyste Nordea i en meddelelse til fondsbørsen fredag eftermiddag.- Jeg ser ikke særlig st..

Nordea venter færre besparelser ved flytning til Finland

16-02-2018 14:18:54
Efter nøje beregninger er Nordea kommet frem til, at den forestående flytning af hovedsædet til Finland fra Sverige giver en mindre økonomisk gevinst end hidtil antaget.Nu venter den skandinaviske storbank, at nettonutidsværdien af de samlede besparelser på afviklingsgebyrer, indskydergarantier og andre midlertidige effekter af flytningen af hovedsædet udgør cirka 0,9-1,2 mia. euro. Tidligere regn..

Aktier/middag: Bred funderet opgang er modreaktion på korrektion

16-02-2018 11:19:57
De ledende danske aktier ligger fredag middag alle i grønt uden deciderede selskabsspecifikke faktorer som forklaring på de enkelte aktiers bevægelser.I toppen ligger Novozymes, Novo Nordisk og DSV.C25-indekset ligger fredag middag med en stigning på 1,9 pct. i 1142,72. Det er tredje dag i træk med løft, og indekset er indtil videre steget fire af de seneste fem handelsdage og små 5 pct. siden sid..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Applied Materials Inc 55,03 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
18. februar 2018 19:19:51
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180209.1 - EUROWEB1 - 2018-02-18 19:19:51 - 2018-02-18 19:19:51 - 1 - Website: OKAY