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Compiled by John J. Edwards III
Staff Reporter

With the quarter drawing to a close, the earnings preannouncement season is upon us:

Applied Materials

(AMAT) - Get Applied Materials, Inc. Report

said it expects to report third-quarter earnings of 67 cents per share, just as

First Call's

22-analyst consensus estimate expects. The company added that it expects to meet those projections despite problems with

Submicron Technology

of Thailand concerning outstanding receivables. That unresolved issue will force Applied Materials to take a $16 million charge in the period. The company earned 92 cents a year earlier.

In a related development,

GaSonics International

(GSNX)

and

Lam Research

(LRCX) - Get Lam Research Corporation Report

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said they also would take charges related to Submicron. GaSonics will take a third-quarter pretax charge of $4.5 million and Lam will take a fourth-quarter charge of $6.5 million, or 15 cents per share.

Gateway 2000

(GTW:NYSE) said it agreed to acquire

Advanced Logic Research

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for $15.50 per share in cash, or $194 million. Gateway said the deal would add to earnings immediately.

Ikon Office Solutions

(IKN:NYSE) said it expects to earn 30 cents to 32 cents per share in the third quarter ending June, short of the First Call nine-analyst consensus of 40 cents. And Ikon sees fourth-quarter earnings of 33 cents to 36 cents, off the First Call view of 43 cents. The company earned 30 cents in each of the year-earlier quarters.

CPC International

(CPC)

said it will take $1.53 per share in second-quarter charges for the spinoff of its corn refining operations and the restructuring of its packaged foods operations. The First Call 15-analyst consensus calls for operating earnings of $1.07 per share versus the year-ago $1.04.

Broderbund Software

(BROD)

broke even in the third quarter, missing the First Call 18-analyst consensus estimate of 3 cents per share in profits and the year-ago 29 cents.

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