ASML signals double-digit annual growth as quarterly sales jump

AMSTERDAM (Reuters) – Semiconductor equipment maker ASML Holding NV ASML.AS on Wednesday posted a better-than-expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices.

FILE PHOTO: ASML Holding logo is seen at company’s headquarters in Eindhoven, Netherlands, Januari 23, 2019. REUTERS/Eva Plevier

The company reported sales of 3.96 billion euros ($4.65 billion) in the third quarter ended Sept. 30, ahead of analyst estimates of 3.7 billion euros, and a net profit of 1.06 billion euros. In the third quarter of 2019, ASML reported net profit of 627 million euros and sales of 3 billion euros.

ASML Chief Financial Officer Roger Dassen forecast sales of 3.7 billion euros in the fourth quarter and said the company expected “low double digit” growth in 2021.

ASML has a near monopoly on lithography systems, enormous machines that can cost up to $200 million each and play a vital role in the manufacture of computer chips, mapping out their circuitry.

ASML’s customers include major chipmakers, notably global market leader Taiwan Semiconductor Manufacturing Co Ltd 2330.TW, followed by Samsung Electronics Co Ltd 005930.KS and Intel Corp INTC.O.

Although ASML’s financial performance has not yet been hurt by U.S.-China tensions, it could be affected by a split in the supply lines for semiconductor production, which is highly integrated globally.

The Dutch company had already halted plans to sell its most advanced equipment to China after the U.S. government pressured the Netherlands not to grant export licenses under “dual use” military applications.

Last month, Washington asked U.S. equipment makers to seek a license to ship any equipment to SMIC, China’s oldest and biggest computer chipmaker, over military concerns.

The new U.S. trade curbs on SMIC mean ASML must now apply for a license to sell even older-generation equipment to

EasyJet warns first ever annual loss could top $1 billion

By Sarah Young



a large passenger jet sitting on top of a tarmac: FILE PHOTO: EasyJet restarts its operations amid the coronavirus disease (COVID-19) outbreak at Gatwick Airport, in Gatwick


© Reuters/Peter Cziborra
FILE PHOTO: EasyJet restarts its operations amid the coronavirus disease (COVID-19) outbreak at Gatwick Airport, in Gatwick


LONDON (Reuters) – British airline easyJet warned on Thursday its first ever annual loss could be as much as 845 million pounds ($1.1 billion) as the pandemic meant it was flying just 25% of planned capacity.

The airline has signalled to the government it may need more financial support, according to media reports.

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The headline loss before tax forecast for the year ended Sept. 30 of 815-845 million pounds was worse than the loss of 794 million expected by analysts, Refinitiv Eikon data showed.

That is the first time easyJet, which was founded in 1995, has ever made a full-year loss.

With travel at very low levels, most European airlines are bleeding cash. EasyJet’s larger low-cost rival Ryanair has called this winter a “write-off”.

EasyJet said ongoing travel restrictions meant it would fly just 25% of planned capacity for the rest of 2020, behind Ryanair which is aiming for 40% in October.

At such levels and with no recovery in sight, easyJet’s finances will continue to remain under pressure. CEO Johan Lundgren called on Thursday for Britain to “step up with a bespoke package of measures” to help airlines.

To survive the pandemic so far, easyJet has taken a 600 million pound loan from the government, cut 4,500 jobs, raised 608 million pounds from selling aircraft and tapped shareholders for 419 million pounds. It said it might have to do more.

“EasyJet will continue to review its liquidity position on a regular basis and will continue to assess further funding opportunities, including sale and lease backs, should the need arise,” the airline said in a statement.

Bernstein analyst Daniel Roeska said easyJet was managing the

The Cybersecurity 202: Americans are as insecure as ever on the 17th annual Cybersecurity Awareness month

“At the beginning it was really about trying to convince people they should even care about this issue,” said Jenny Menna, a former DHS official who managed the grant that funds the awareness month program during its early years and is now a cybersecurity executive at U.S. Bank. “Because of the state we’re in now, you no longer have to make that case. Now it’s, ‘Okay, now that we have your attention, here’s what you need to do to be safer.’ ”

Americans who had little idea what cybersecurity was nearly two decades ago are now being bombarded with news about the dangers of cyberattacks targeting election systems and the potential for disinformation and other digital dangers lurking on their apps and social media platforms. The coronavirus has also spawned an unprecedented wave of attacks targeting hospitals and aimed at conning people made desperate by layoffs and medical bills. More broadly, Americans have likely received a barrage of notices from companies that their data was stolen or passwords compromised. 

The annual cost of cybercrime, which was comparatively negligible in 2003, had grown to more than $80 billion annually by 2013 and to about $600 billion annually by 2018, according to estimates from the cybersecurity firm McAfee and the Center for Strategic and International Studies think tank. Consumers have reported losing more than $152 million to coronavirus-related fraud since the pandemic began, according to the Federal Trade Commission. 

But for all the focus on raising cybersecurity awareness, many companies still don’t follow basic practices designed to limit hacking threats. 

And the vast majority of cyberattacks are accomplished with very little effort by conning people into clicking on suspicious links and attachments when they should know better.  

That trend line has some cybersecurity pros wondering whether National Cybersecurity Awareness Month’s typical

8 Top Gadget Deals in Macworld’s Three-Day VIP Annual Sale

If you’re looking to stock up on tech, the time is now. Macworld’s annual sale is only running through Sept. 20, but readers will be able to knock an extra 20% off tons of items – many of which are already on discount. Just use the promo code VIPSALE20 when you check out with the gadgets below, or any items you find on this massive tech blowout.

Take the worry out of any trip with this portable sterilizer. Its UV light can kill most germs, bacteria or viruses in a matter of seconds, and it’s as safe on toilet seats as it is on your smartphone. You can use it for six hours on a single charge and it’s small enough to fit in your pocket or purse.

MSRP: $99

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Mini UV Light Bar: Disinfect in Seconds – $23.99

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Need to get a look into your drain pipes, engine compartment or some other tight spot? Use this tiny inspection camera mounted on the end of a flexible 2-meter cable. It sends images to your Android or iOS device via wi-fi and is IP67 waterproof-rated for a range of environments.

MSRP: $38

Sale Price: $29.95

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Sinji Flexible Borescope Camera for Android & iOS – $23.96

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Put the convenience back in your Apple Watch with this tiny 950 mAh battery. It can grip onto your watch magnetically and charge it up on the go, no cables required.

MSRP: $49

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Apple Watch Wireless Charger Keychain – $19.99

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This smart-looking oakwood case fits the decor on any desk and provides a useful home for up to three gadgets at once. The MFI-certified lightning cords can be adjusted