SAN FRANCISCO, May 19 (Reuters) - Applied Materials Inc:
* CEO says EES will not achieve break-even target this year
* CEO says has asked for team to develop plan to accelerate reductions in
company's thin film cost structure
* CEO says thin film unit adversely affected by weaker outlook from customers,
major customer failing to secure financing
* CEO says thin film performance for 2010 will be 'well below' company
expectations
* CEO says expects plans for ees to be finalized by mid-June
* CEO says expects ees to make positive contribution to company financial
performance in fiscal 2011
((San Francisco Equities; tel: +415 677-3939))
(For more news about Applied Materials Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* CEO says EES will not achieve break-even target this year
* CEO says has asked for team to develop plan to accelerate reductions in
company's thin film cost structure
* CEO says thin film unit adversely affected by weaker outlook from customers,
major customer failing to secure financing
* CEO says thin film performance for 2010 will be 'well below' company
expectations
* CEO says expects plans for ees to be finalized by mid-June
* CEO says expects ees to make positive contribution to company financial
performance in fiscal 2011
((San Francisco Equities; tel: +415 677-3939))
(For more news about Applied Materials Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.