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July 16 (Bloomberg) -- ASML Holding NV, Europe's largest maker of semiconductor equipment, said second-quarter profit before taxes sank 27 percent and lowered its sales forecast as chipmakers delay expansion plans.
ASML fell the most in 10 years in Amsterdam trading.
``The company is clearly in a significant downturn,'' Marcel Achterberg, an Amsterdam-based analyst at ING, wrote in a report today. Memory-chipmakers ``are unlikely to up spending any time soon,'' he said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYEaKK4jg_C4&refer=home
The company reported a quarterly net profit of 192 million euros, exceeding analyst expectations of 112 million euros.
But ASML said full-year sales could fall as much as 20 percent from 2007, compared with an earlier expectation of a 10 percent drop, if chip makers were to delay investments to add capacity
http://www.reuters.com/article/marketsNews/idINWEA199020080716?rpc=44
ASML fell the most in 10 years in Amsterdam trading.
``The company is clearly in a significant downturn,'' Marcel Achterberg, an Amsterdam-based analyst at ING, wrote in a report today. Memory-chipmakers ``are unlikely to up spending any time soon,'' he said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYEaKK4jg_C4&refer=home
The company reported a quarterly net profit of 192 million euros, exceeding analyst expectations of 112 million euros.
But ASML said full-year sales could fall as much as 20 percent from 2007, compared with an earlier expectation of a 10 percent drop, if chip makers were to delay investments to add capacity
http://www.reuters.com/article/marketsNews/idINWEA199020080716?rpc=44