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Chip Firm ASML Offers Grim 2009 Outlook
AMSTERDAM, Netherlands -- ASML Holding(ASML Quote), a key supplier to Intel(INTC Quote) and other computer chip makers, reported a net loss for the fourth quarter on restructuring charges and weak demand for its products.
The fourth-quarter loss was 88 million euros ($116 million), compared with a net profit of 173 million euros in the same period a year earlier. The figure includes a restructuring charge of 138 million euros after the company announced plans in December to cut 1,000 jobs, around 10% of its work force.
Sales fell 48% to 494 million euros, and the company's outlook for 2009 was grim. ...
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