Number 2 equipment supplier Tokyo Electron Ltd. (TEL) reported sales of $2.63 billion (280.2 billion yen) in the six-month period ended September 30, up 26.6 percent from $2.07 billion (221.4 billion yen) in the same time period last year.

The company also had profits of $11.9 million (1.27 billion yen) in its fiscal six-month period, compared with a loss of $91.8 million (9.8 billion yen) in the same period last year.

TEL exceeded its sales forecast of $2.6 billion (277 billion yen), thanks to greater-than-expected sales of equipment for flat-panel displays for the period, even though sales in the segment dipped in Q2.

For the full year ending March 31, 2005 TEL maintained its forecast for $5.8 billion (620 billion yen) in sales with a profit of $562.5 million (60 billion yen).

TEL president Kiyoshi Sato said in its statement to the Tokyo Stock Exchange that sales of chipmaking equipment may drop as much as 20 percent next year.

¡°The chip-making equipment sector will enter a small adjustment period,¡± Sato said at a news conference in Tokyo, reports said.

¡°Orders for flat-panel display- making equipment slowed significantly in the second quarter on concern of excess inventory and falling panel prices, especially in Taiwan,¡± he said.

By: DocMemory
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