Applied Materials Inc, the Santa Clara, California-based semiconductor fabrication equipment supplier, reported second- quarter net income down 45% at $102.1m on revenue down 20% at $900.9m. Midterm net income slid 63% to $131.7m on revenue down 20% at $1.74bn. Earnings per share slipped 47% to $0.54 for the quarter, and 63% to $0.71 for the year.