Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: michael97123 who wrote (38324)	10/17/2000 9:25:48 AM
From: daryll40	Read Replies (4) of 70976

Tuesday October 17, 9:19 am Eastern Time RESEARCH ALERT - CSFB cuts Applied Materials NEW YORK, Oct 17 (Reuters) - Credit Suisse First Boston on Tuesday said analyst John Pitzer lowered his fiscal year 2001 earnings estimates for Applied Materials Inc. (NasdaqNM:AMAT - news) to $3.25 a share from $3.75 and cut the 12-month price target for the provider of equipment and services used in the semiconductor industry to $75 from $112. Pitzer said he lowered the earnings estimate because he believes the recent end-market demand disruptions will drive semiconductor companies to rationalise their capital budgets over the next several quarters to a slower-than-expected demand curve, especially for personal computers and cell phones. Pitzer said he was particularly wary that capital spending in Taiwan and Japan could temper growth. Shares of Applied Materials Monday closed at $48-3/4. Email this story - View most popular stories emailed

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