Some of the names on the move ahead of the open.» Read More
SAN FRANCISCO, Nov 14- Top chip gear-maker Applied Materials posted fiscal fourth-quarter revenue that modestly exceeded expectations as foundry customers build new production lines to make more advanced components.
SAN FRANCISCO, Nov 14- Top chip gear-maker Applied Materials posted fiscal fourth-quarter revenue of $1.99 billion, up from $1.65 billion in the year-ago period, as foundry customers build new production lines to make more advanced components.
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TOKYO, Sept 26- Applied Materials Inc's $10 billion acquisition of Tokyo Electron Ltd is more than just a milestone foreign takeover in Japan- it's a rare forward-looking deal in a country where selling to an overseas rival is usually a last resort.
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TOKYO, Sept 25- Advantest Corp, the world's largest maker of chip testing equipment, warned it would post a net loss for a third year in a row, as demand for chips for smartphones and tablets fell short of its expectations.
TOKYO, Sept 25- Applied Materials Inc's $10 billion acquisition of Tokyo Electron Ltd is more than just a milestone foreign takeover in Japan- it's a rare forward-looking deal in a country where selling to an overseas rival is usually a last resort.
Asian equities were mostly lower on Wednesday after Wall Street logged its fourth straight session of losses amid uncertainty surrounding U.S. budget discussions.
*Oil above $109 as little thaw seen in U.S., Iran relations. LONDON, Sept 25- The dollar fell and world shares held near a one-week low on Wednesday as concerns over a potential government shutdown in Washington and mixed signals on U.S. monetary policy kept investors on edge. The MSCI world equity index, which tracks shares in 45 countries, was flat on the day.
*Applied shares rise 9 pct, Tokyo Electron jumps 13 pct. Sept 25- Applied Materials Inc agreed to buy rival Tokyo Electron Ltd in an all-stock deal worth more than $10 billion, combining the No.1 and No.3 makers of chip-making gear as demand for their products slows and it gets tougher to turn a profit.
TOKYO, Sept 25- Japan's Nikkei share average eased for a second day on Wednesday hit by concerns about a possible U.S. government shutdown, while Tokyo Electron Ltd bucked overall weakness on news of a $7 billion- plus takeover of the tech company by Applied Materials Inc. The Nikkei shed 0.8 percent to 14,620.53, moving away from a nine-week high of 14,816.65 hit last Friday.
A merger between Applied Materials and Tokyo Electron is a vote of confidence in Japan as it steps up its efforts to revive its fortunes, analysts say.
David Rubenstein, Senior Analyst at Advanced Research Japan, discusses what a merger between AMAT and Tokyo Electron would mean for their rivals.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management, said that although there are some risks associated with merging two companies from two different corporate cultures, the move is probably the right one.
*Tokyo Electron jumps on M&A news.