LYCOS RETRIEVER 
Applied Materials
built 645 days ago
A large part of Applied Materials' success during the recession was due to the development of leading-edge technology. In 1986, the company introduced the Precision Etch 8300A, featuring major improvements in contamination control and higher than previous levels of automation. In 1987, the company introduced the Precision 5000 CVD, a new system which met the industry's need for significant improvements in the low-temperature deposition of dielectric materials. Orders for this new technology helped Applied Materials improve its financial position, as did a public stock offering which brought in an additional $54.7 million. In the same year, James W. Bagley, Applied Materials senior vice-president of operations since 1981, with over 15 years of previous experience in engineering and project management at Texas Instruments, was appointed president and chief operating officer. Morgan, after serving 12 years as president, remained chief executive officer and chairman of the company's board of directors.
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The district court erred in holding that Applied Materials was required to include in the continuation-in- part application all of the features of its commercial reactor, "whether they contributed to slip free performance or not." It is hard to imagine any continuation-in-part application that will not fail some judge's test and, as here, destroy the patent on a successful invention. This is of particular concern because should the United States adopt a first-to-file rule the pressures for early filing will increase, yet now the early filing date is increasingly vulnerable to loss. This simply entraps the inventor. The ultimate loser will be the public, for patent applications will not be refiled, and the innovation incentive will be diminished.
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"Applied Materials has a long history of recognizing the importance of social responsibility and the need to be a leader in the community," said Mike Splinter, president and CEO of Applied Materials. "I am proud of our employees for their significant contributions of time, energy and resources and for demonstrating the value of making a positive impact around the world."
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Facing a weak global market for semiconductor equipment, semiconductor manufacturing equipment leader Applied Materials has reported that net sales for its fiscal Q1 ended January 27 were $2.09 billion. via Electronics Weekly
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In 1993, Applied Materials reached one of its long-term goals: it became the first company within the semiconductor equipment industry to hit the $1 billion mark in revenues. Total sales in 1993 amounted to $1.08 billion. One critical element in the company's financial success was the 13 percent of total revenue, or $140.2 million in fiscal 1993, invested in research and development. The commitment of a significant portion of its revenue to developing new technology historically provided stability and helped the company weather the cyclical periods of growth and recession in the semiconductor industry. This commitment was ... recognized throughout the industry. In 1996, Morgan was awarded the National Medal of Technology by President Bill Clinton.
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Applied Materials announced an order totaling more than $200 million for an extensive set of process technologies and services from Grace Semiconductor Manufacturing Corp. (GSMC), a new foundry located in Shanghai, China. This order places Applied Materials as the primary equipment supplier for GSMC and establishes the basis for a long-term, key partnership to support continuing manufacturing requirements. System shipments are scheduled to commence in 2002.
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