James Morgan
James Morgan
applied building change focus global great growth materials prepare
What is important for Applied Materials is to prepare for change and focus on building a great global growth company.
applied combined continued customers deliver emerging enable growth industry information materials opportunity promise provides supply transition tremendous
The emerging industry transition to 300 mm wafer processing, combined with continued growth of 200 mm applications, provides a tremendous opportunity for Applied Materials to supply technologies that will enable our customers to deliver on the promise of the Information Age,
capital causing customers deferred due economic larger ongoing order weakness
Due to ongoing economic weakness and geopolitical uncertainties, customers deferred capital expenditures, causing a larger order shortfall than expected,
customers putting
Our customers are kind of working off their inventories and also are putting in place the newer chips,
believe double equipment extremely five market next performance pleased record
We are extremely pleased with our record performance this quarter. We believe the market for semiconductor equipment may double over the next five years.
extremely performance pleased record
We are extremely pleased with our record performance this quarter,
advanced balance cautious chip continue develop economy global impact invest process remain weakness
Semiconductor manufacturers remain cautious but continue to invest in advanced technologies, as they balance their need to develop the most advanced process capabilities with the uncertainties in the global economy and the impact of near-term weakness in chip demand,
banning family loving
Most of these (pit bulls) you are banning (are) loving family pets.
caused economy industry lower orders ramp
Uncertainty in the economy is dampening the ramp in our industry and caused our orders to be lower than expected.
agency associated business invite official organize prohibit restrict seem sponsor state wisconsin
While it may seem objectionable to some that a state official would organize and sponsor a fundraiser, and invite to that fundraiser individuals who do business with the state agency with which the official is associated Wisconsin statutes do not prohibit or restrict those practices.
looks
It looks like at least a six-month slowdown,
accelerate advanced capacity capital consumer continue customers demand driven driving expect global growth increase increasing spending strong throughout year
Strong global demand for semiconductors is driving our customers to increase and accelerate their year 2000 capital spending for expanded capacity and more advanced technologies, ... We expect increasing demand for semiconductors to continue throughout 2000, driven by the growth of applications in telecommunications Internet-related and consumer products.
align continuing current decisions demand levels operations requires tough
Unfortunately, the continuing downturn requires us to make some tough decisions to align our operations with current levels of demand for semiconductor equipment,
age basis business companies global great hard help information million spent team upgrade
Our team has done a great job. They're working hard on a global basis to be a world-class company, and we have made a lot of investments in information age projects, ... For example, we spent about $150 million to upgrade our telecommunications and upgrade our information and business processes. So, we see productivity improvements will help us and we see a lot of companies making that kind of investment.