John Paczkowski

Recent Posts by John Paczkowski

Recession Special Earnings at Applied Materials

Given this morning’s morbid 2008 sales report from the Semiconductor Industry Association, the fact that chip equipment supplier Applied Materials (AMAT) lowered guidance for its first quarter is hardly surprising. Applied slashed its earnings forecast today, saying it expects sales for Q1 to suffer. thanks to the “deteriorating financial condition” of its customers.

More ominously, the company said it’s planning further cost-reduction efforts, “including shutdowns and additional restructuring activities, as appropriate for the unprecedented business conditions.” While not entirely unexpected, such “activities”–presumably layoffs–would be an ugly blow to a workforce steeling itself for the up to 1800 job cuts Applied already plans to make in 2009.

[Image credit: Flickr/aturkus]


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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