Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 9:30 AM EST

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To: Proud_Infidel who wrote (54024)	10/10/2001 12:12:52 PM
From: Proud_Infidel	Read Replies (1) of 70976

RESEARCH ALERT-Semiconductor equipment firms cut NEW YORK, Oct 10 (Reuters) - JP Morgan on Wednesday said it cut ratings on several makers of semiconductor capital equipment, saying that a drop in capital investment stemming from the Sept 11. attacks would delay the ailing sector's recovery. Analyst Scott Williamson cut ratings on KLA-Tencor Corp. (NasdaqNM:KLAC - news) and Applied Materials Inc. (NasdaqNM:AMAT - news) to ``market perform'' from ``long-term buy.'' ``Following the tragic events of Sept. 11th, we believe that the revenue bottom for the semiconductor capital equipment sector may likely spill over from'' the fourth quarter to the first quarter of next year, Williamson wrote in a research note. ``As such, we are forecasting semiconductor capital expenditure to be down approximately'' 10 percent to 15 percent next year, Williamson wrote. On tuesday, KLA closed at $32.92 per share and Applied at $31.15.

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