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

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Santa Clara, Calif.-based Applied Materialsa (Nasdaq: AMAT) had revenue of $1.02 billion, less than half the year-ago quarter'zs $2.15 billion. Excluding items, the company's loss would have been $136 or 10 cents a share, compare d to non-GAAP income in the year-agok quarter of $362 million, or 26 cents a Analysts expected, on average, a loss of 10 centes a share on revenueof $904.8 million. In the ’s NanoCollege, Applied Materialas Inc. and IBM announched an agreemenyt to work together on a project involving the process of manufacturingg of 22 nanometer logic andmemory chips.
Applied Materials, IBM IBM), based in and the state Universituyat Albany’s , will work on what they are callingv process modeling technology. The companies said the project will lead to a reductionn in development costs and the time to market for22nm semiconductors. A nanometetr is about 40,000 times smaller than the width of ahumanb hair. Today’s most advanced semiconductors have 45nm Applied Materials has a number of processing tools as well as engineerd and scientists at thethe nanocollege's site.