Free Affidavit in Support of Motion - District Court of California - California

Case 5:07-cv-05248-JW

Document 111-4

Filed 02/11/2008

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DECLARATION OF KENNETH A. KUWAYTI IN SUPPORT OF AMEC INC.'S AND AMEC CHINA'S MOTIONS TO DISMISS APPLIED'S FAC CASE NO. C07 05248 JW (PVT) pa-1229404

EXHIBIT C

http://www.mercurynews.com/fdcp?1201311577998

Case 5:07-cv-05248-JW

Document 111-4

Filed 02/11/2008

Page 2 of 2

Applied Materials chief says U.S. in 'major slowdown'
CEO sees 'slow' times
Bloomberg News Article Launched: 01/24/2008 03:35:36 AM PST

Applied Materials Chief Executive Mike Splinter said the U.S. economy is in a "major slowdown" and orders for chip-making equipment may decline. The company doesn't plan to make further job cuts on top of the 1,000 announced this month, Splinter said in an interview with Bloomberg Television from the World Economic Forum in Davos, Switzerland. Almost one-fifth of Applied Materials' sales come from North America. Intel, the world's biggest chip maker, forecast sales last week that fell short of analysts' estimates, adding to concern that slowing economic growth is hurting technology companies' profits. Applied Materials will weather the slowdown because most of its sales come from outside North America, helping the company to benefit from the decline in the U.S. dollar, Splinter said. - Bloomberg News

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1/25/2008 5:39 PM