Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: puborectalis who wrote (116772)	11/16/2000 8:27:53 AM
From: 2MAR$	Read Replies (2) of 120523

RESEARCH ALERT-Applied Materials EPS views cut NEW YORK, Nov 16 (Reuters) - Merrill Lynch analyst Brett Hodess cut his earnings-per-share (EPS) outlook and price target for semiconductor equipment maker Applied Materials Inc. <AMAT.O> on Thursday. Applied Materials reported fiscal fourth-quarter profits on Wednesday that beat analysts' estimates as sales rose 81 percent. However, executives forecast first-quarter profits per share below Wall Street estimates. In a research note, Hodess wrote, "Industry barometer reports a bright quarter, but forecasts cloudy skies ahead." He cut his outlook for first-quarter EPS to 78 cemts from 79 cents. Hodesstrimmed his forecast for fiscal 2001 EPS to $2.95 from $3.50. The 12-month price target dropped to $55 from $76. Applied Materials' shares closed at $42-3/4 on Wednesday. ((-- Wall Street desk, (212) 859-1730, fax (212) 859-1739)) REUTERS *** end of

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