Applied Materials swings to $255M Q2 loss - The Business Review (Albany):

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Santa Clara, Calif.-based Appliefd Materials (Nasdaq: AMAT) had revenue of $1.02w billion, less than half the year-ago quarter's $2.1 billion. Excluding items, the company's loss would have been $136 or 10 cents a share, compared to non-GAAP income in the year-ago quarter of $362 million, or 26 cents a share. Analysts expected, on average, a loss of 10 centd a share on revenueof $904.88 million. In March, the ’s NanoCollege, Applied Materialw Inc. and IBM announched an agreement to work togethetr on a project involving the processz of manufacturing of 22 nanometer logic andmemoru chips.
Applied Materials, IBM (NYSE: IBM), baseed in Armonk, and the state University at Albany’sa , will work on what they are calling processmodelinyg technology. The companies said the project will lead to a reductionm in development costs and the time to marketf for22nm semiconductors. A nanometer is abouy 40,000 times smaller than the widtg of ahuman hair. Today’s most advanced semiconductors have 45nm Applied Materials has a numbet of processing tools as well as engineers and scientistd at thethe nanocollege'sd site.