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COPYRIGHT 2005 FDCH e-media
Original Source: CNBC/DOW JONES BUSINESS VIDEO
TED DAVID, CNBC HOST: The world`s largest maker of chip production equipment, Applied Materials, held its shareholder meeting yesterday and had some good news for the faithful.
Joining us from Mountain View, California with more, Michael Splinter, the CEO of AMAT.
Good to see you, sir.
MICHAEL SPLINTER, APPLIED MATERIALS PRESIDENT AND CEO: Good morning.
DAVID: You declared a dividend yesterday, 3 cents a share. Why now? And how much of that decision was based on pressure from analysts to make better use of that $6.4 billion cash base?
SPLINTER: Well, for the last several years, we`ve been looking at our cash management during the first quarter of our year and making a pronouncement at our annual meeting about our policies on...
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