Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily

Applied Materials: Four-Week Austin Shutdown; Earnings Tuesday

February 9, 2009 at 9:35 am PT

Applied Materials (AMAT) has notified workers in in Austin, Texas, plant that it will shut down manufacturing operations for four weeks starting June 8, according to the Austin American-Statesman. The newspaper said it believes the company has about 1,750 workers in Austin.

Last week, the company pre-announced results for its fiscal first quarter ended Jan. 25, estimating revenue for the quarter of $1.33 billion, with a loss of 9-11 cents a share. At the time, the company also said that it planned to continue to cut costs, including shutdowns as appropriate.

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Tagged with: Applied Materials, Austin, Austin American-Statesman, Barrons, Eric Savitz, frontpage, shutdowns, Tech Trader Daily

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