Tag Archives: amat

Applied Materials Misses Forecast, Hits Two-Year Low

Applied Materials (AMAT) stock hit a nearly two-year low Friday after the No. 1 chip gear maker late Thursday reported Q3 revenue that missed Wall Street’s forecast and offered lackluster Q4 guidance. CEO Gary Dickerson blamed unexpectedly floundering foundry sales for the Q3 revenue miss and lowered Q4 guidance. Thrifty customers have become adept at reusing their tools rather than ordering more, he said during the Q3 earnings conference call.

Obama’s Regulators Take Harder Line On Tech Takeovers

Bankers, lawyers and shareholders accustomed to hearing ka-ching from mergers and acquisition activity are instead getting used to the sound of deals being flushed down the toilet. Applied Materials (AMAT) on Monday scrapped its takeover bid for Tokyo Electron, just days after Comcast (CMCSA) pulled the plug on its proposed acquisition of Time Warner Cable (TWC). Applied Materials and Japan’s Tokyo Electron, makers of chip

Applied Materials Falls As Tokyo Electron Merger Off

Applied Materials (AMAT) and Tokyo Electron early Monday announced that they’ve scrapped plans for a $9.4 billion merger after the U.S. Department of Justice said that combining their businesses would restrict competition. The two chip equipment makers — the largest companies in their industry — first announced the deal in September 2013. Last week, No. 1 cable TV firm Comcast (CMCSA) abandoned its proposed $45 billion takeover of No. 2 Time