News Article
Infineon Technologies Reports Revenues Of EUR1.4bn For The Quarter Ended
Infineon Technologies reports revenues of EUR1.4bn for the quarter ended
June 30, 2002. This represents a 10% increase on the previous year. Net
losses were EUR76m, an improvement on 2001's EUR371m. The company is
expecting
Philips Semiconductors made Q2 sales of EUR1.108bn, down from 2001's
EUR1.131bn. A EUR64m loss from operations in Q2 2002 compares with last
year's EUR255m.
Lithography equipment producer ASML produced a net loss of EUR98m in H1,
compared with a EUR96m loss in H1 2001. Net sales were EUR823m, down from
the previous year's EUR1.015bn. During the period, ASML sold 78 systems,
including five refurbished units. The revenue contribution of the division
was EUR776m. Some 120 systems were sold the previous year over the same
period. The Thermal & Track system division sold 15 units, down from 2001's
130 units. The H1 2002 contribution to net sales was EUR47m.
Looking forward, backlog stood at 160 new lithography units on June 30,
2002. Net bookings were 116 systems, with 85% of these coming in the last 90
days of the period. Thermal & Track backlog was 65 new units, compared with
64 on December 31, 2001. The value of the June 30, 2002, Thermal and track
backlog was EUR81m.
"The semiconductor equipment industry is beginning to emerge from a 15-month
decline," says president/CEO Doug Dunn.
Motorola reports semiconductor orders up 25% at $1.3bn. However, Q2 sales
were down 3% on 2001 at $1.2bn. The semiconductor products sector of the
corporation produced an operating loss of $1.3bn, compared with $444m a year
ago. Excluding special items, the 2002 operating loss was $79m and 2001
$310m. The total loss for the company was $2.3bn, its worst ever.
AMD reports Q2 sales at $600m resulting in a net loss of $185m. The sales
figures are 39% down on Q2 2001. A net income was made in Q2 2001 of $17m on
total sales of $985m. A weak PC market in North America and Europe was
blamed, as in the warnings made by the company over the past weeks
(Bulletins 438, June 24, 2002 and 440, July 8, 2002).
"Flash memory product sales improved in the second quarter based on the
strength of the high-end mobile phone market, as consumers are buying
feature-rich phones built with high-density high-performance Flash memory,"
claims chief financial officer Robert J Rivet.
Processor sales were worth $380m in the quarter, down 35%. Memory products
were down 45% at $175m compared with 2001. AMD's microprocessor Fab 30 in
Dresden, Germany, has completed conversion to 130nm technology from 180nm.
This means that all wafers out of the facility in Q4 will have been built at
the tighter resolution.
The company expects sales to improve "modestly" in Q3, based on sequential
growth in Flash sales and seasonal PC processor buying patterns. The company
forecasts a net loss.
Photomask writing equipment producer Micronic Laser Systems reports Q2 net
sales at SEK218m, compared with SEK158m in 2001. Net income was SEK17m,
compared with a loss of SEK17m last year. The order book is worth SEK250m,
compared with SEK355m at the same time in 2001.
EUR1.131bn. A EUR64m loss from operations in Q2 2002 compares with last
year's EUR255m.
Lithography equipment producer ASML produced a net loss of EUR98m in H1,
compared with a EUR96m loss in H1 2001. Net sales were EUR823m, down from
the previous year's EUR1.015bn. During the period, ASML sold 78 systems,
including five refurbished units. The revenue contribution of the division
was EUR776m. Some 120 systems were sold the previous year over the same
period. The Thermal & Track system division sold 15 units, down from 2001's
130 units. The H1 2002 contribution to net sales was EUR47m.
Looking forward, backlog stood at 160 new lithography units on June 30,
2002. Net bookings were 116 systems, with 85% of these coming in the last 90
days of the period. Thermal & Track backlog was 65 new units, compared with
64 on December 31, 2001. The value of the June 30, 2002, Thermal and track
backlog was EUR81m.
"The semiconductor equipment industry is beginning to emerge from a 15-month
decline," says president/CEO Doug Dunn.
Motorola reports semiconductor orders up 25% at $1.3bn. However, Q2 sales
were down 3% on 2001 at $1.2bn. The semiconductor products sector of the
corporation produced an operating loss of $1.3bn, compared with $444m a year
ago. Excluding special items, the 2002 operating loss was $79m and 2001
$310m. The total loss for the company was $2.3bn, its worst ever.
AMD reports Q2 sales at $600m resulting in a net loss of $185m. The sales
figures are 39% down on Q2 2001. A net income was made in Q2 2001 of $17m on
total sales of $985m. A weak PC market in North America and Europe was
blamed, as in the warnings made by the company over the past weeks
(Bulletins 438, June 24, 2002 and 440, July 8, 2002).
"Flash memory product sales improved in the second quarter based on the
strength of the high-end mobile phone market, as consumers are buying
feature-rich phones built with high-density high-performance Flash memory,"
claims chief financial officer Robert J Rivet.
Processor sales were worth $380m in the quarter, down 35%. Memory products
were down 45% at $175m compared with 2001. AMD's microprocessor Fab 30 in
Dresden, Germany, has completed conversion to 130nm technology from 180nm.
This means that all wafers out of the facility in Q4 will have been built at
the tighter resolution.
The company expects sales to improve "modestly" in Q3, based on sequential
growth in Flash sales and seasonal PC processor buying patterns. The company
forecasts a net loss.
Photomask writing equipment producer Micronic Laser Systems reports Q2 net
sales at SEK218m, compared with SEK158m in 2001. Net income was SEK17m,
compared with a loss of SEK17m last year. The order book is worth SEK250m,
compared with SEK355m at the same time in 2001.
