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.

Read the rest of this post

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

Must-Reads from other Websites

Why Apple Should Buy China’s Xiaomi

Panos Mourdoukoutas, Contributor, Forbes

What I Didn’t Say

Paul Graham, Founder, ViaWeb

We Need to Talk About TED

Benjamin Bratton, Journalist, The Guardian

I, Glasshole: My Year With Google Glass

Mat Honan, Senior Writer, Wired

All Together Now

Chris Ware, Writer, The New Yorker

The Sculpture on the Moon

Corey S. Powell and Laurie Gwen Shapiro, Contributors, Slate

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.