Earns Applied Materials

Earns Applied Materials
FILE - In this Jan. 30, 2009 file photo, Applied Materials Inc. CEO Michael Splinter speaks during a session at the World Economic Forum in Davos, Switzerland. Applied Materials Inc. on Wednesday, Nov. 11, 2009 said that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs to save money as it grapples with a business downturn. (AP Photo/Virginia Mayo, fi le)