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July 5, 2001: 5:26 a.m. ET
LONDON (CNN) - ASML, the world's biggest chip equipment maker, warned on Thursday it will post a loss as customers cancel orders.
The Dutch company joins a legion of semiconductor and telecom equipment makers issuing profit warnings as a U.S. economic slowdown spreads to Asia and Europe.
Based in Veldhoven, The Netherlands, ASML said its expects to report a net loss of between 95 million ($72 million) and 105 million for the six months to June 30.
ASML expects its European operations to "at least break-even" for the first half of the year, before one-time merger and acquisition costs for Silicon Valley Group of the U.S., which it bought for $1.2 billion.
Before the acquisition, Silicon Valley
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