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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sun-tzu who wrote (134511)11/14/2001 5:22:10 PM
From: WaveSeeker  Read Replies (1) of 436258
 
Capital spending to decline 30% in 2002 but long-term outlook is STRONG, i.e., when Chelsea Clinton and her dad have a baby.

17:16 ET Applied Materials (AMAT) 40.71 -0.09: -- Update -- On call. company says orders should be weak in JanQ, slightly below OctQ....While sales and EPS should be lower than consensus, gross margin should increase vs the 37.1% achieved in OctQ...Mgmt expects industry capital spending to decline 30% in 2002 and cap spending for wafer fabs to decline 35%....stock at 39.15.
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