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Politics : Formerly About Applied Materials
AMAT 322.51+6.1%Feb 6 9:30 AM EST
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To: Proud_Infidel who wrote (46839)5/17/2001 11:21:26 AM
From: Pink Minion  Read Replies (2) of 70976
 
- J.P. Morgan said on Wednesday that it lowered earnings per share estimates on Applied Materials Inc. (NasdaqNM:AMAT - news), a maker of semiconductor equipment, in 2001 to 41 cents from $1.38, citing customer cancellations from weak demand

So AMAT is selling at a PE 137 for 2001 earnings. How come you all aren't griping how high the PE is like you were saying it was so low in the 20's last year?

I know the answer.
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