UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 31, 2003
APPLIED MATERIALS, INC.
(Exact name of registrant as specified in its charter)
0-6920
(Commission File Number)
| Delaware |
94-1655526 | |
| (State or other jurisdiction of incorporation) |
(I.R.S. Employer Identification No.) |
3050 Bowers Avenue
Santa Clara, CA 95054-3299
(Address of principal executive offices, with zip code)
(408) 727-5555
(Registrant’s
telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(c) Exhibits.
| Exhibit |
Description | |
| 99.1 |
Press Release issued by Applied Materials, Inc. dated January 31, 2003. |
Item 9. Regulation FD Disclosure.
On January 31, 2003, Applied Materials, Inc. (the Company) issued a press release, the text of which is attached hereto as Exhibit 99.1.
The information in this Current Report on Form 8-K, including the exhibit, is furnished pursuant to Item 9 and
shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, the information in this Current Report on Form 8-K,
including the exhibit, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: January 31, 2003
| APPLIED MATERIALS, INC. | ||
| By: |
/s/ JOSEPH J. SWEENEY | |
| Joseph J. Sweeney Group Vice President Legal Affairs and Intellectual Property and Corporate Secretary | ||
Exhibit 99.1
| Release: Immediate Contact: Jeffrey Lettes (editorial/media) (408) 563-5161 |
Carolyn Schwartz (investment community) (408) 748-5227 |
APPLIED MATERIALS FIRST FISCAL QUARTER 2003
ORDERS TO BE BELOW TARGET
SANTA
CLARA, Calif., January 31, 2003 — Applied Materials, Inc., the world’s largest supplier of wafer fabrication solutions to the semiconductor industry, today announced that it expects its orders for the first fiscal quarter ending January
26, 2003 to be below the target provided during its fourth fiscal quarter earnings conference call on November 13, 2002.
First quarter orders are now expected to be approximately 35 percent below the fourth quarter level, compared with the previously announced target of 20 percent below the fourth quarter level. New orders for the Company’s fourth
quarter of fiscal 2002 were $1.56 billion.
“Due to ongoing economic weakness and geopolitical uncertainties,
customers deferred capital expenditures, causing a larger order shortfall than expected,” said James C. Morgan, chairman and chief executive officer of Applied Materials.
The Company announced on its November 13, 2002 earnings conference call that its target for the first fiscal quarter of 2003 was for revenue to decrease at least 20 percent
from fourth quarter results of $1.45 billion. The Company also announced on its November conference call that it expected to remain profitable operationally but would incur a small loss due to a restructuring charge associated with the reduction in
force announced on November 4, 2002 and other costs. The pre-tax restructuring charge is now expected to be approximately $100 million.
Applied Materials will be discussing its first fiscal quarter results, along with its outlook for the second fiscal quarter of 2003, on its regularly scheduled conference call on February 11, 2003, beginning at 1:30 p.m.
Pacific Standard Time. A webcast of the conference call will be available to all interested parties on Applied Materials’ Web site at http://www.appliedmaterials.com under the “Investors” section.
This press release contains certain forward-looking statements including, but not
limited to, those relating to first fiscal quarter orders, revenue, operating profitability and a restructuring charge. These forward-looking statements are based on management’s estimates, projections and assumptions as of the date hereof.
These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those stated or implied. Risks and uncertainties include, but are not limited to: possible adjustments to financial
results as Applied Materials closes its financial records for the first quarter, possible charges that might be taken to financial results for the first quarter, and possible changes in the size and components of the restructuring charge.
Applied Materials (Nasdaq: AMAT), the world’s largest supplier of products and services to the global
semiconductor industry, is one of the world’s leading information infrastructure providers. Applied Materials enables Information for Everyone™ by helping semiconductor manufacturers produce more powerful, portable and affordable chips.
Applied Materials’ Web site is http://www.appliedmaterials.com.