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Politics : Formerly About Applied Materials
AMAT 256.89-1.2%Dec 31 3:59 PM EST

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To: Kirk © who wrote (62245)3/22/2002 5:58:02 PM
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From Briefing.com: 2:01PM Applied Materials (AMAT) 52.31 +0.29: Despite some profit-taking early in the session, AMAT shares are slightly up following the co's analyst meeting yesterday and announcement of a 2 for 1 stock split, effective 4/16. Analysts remain fairly upbeat on the chip maker's recovery. CSFB writes "our checks confirm orders are on track for 10-15% seq growth, implying bookings of $1.2-1.3 bln;" firm believes strength is not broad-based and primarily focused in foundry and memory; notes that sustainability of bookings uptick off a depressed Q4 remains a concern. Merrill Lynch estimates that both earnings and revenues will be on the high end of previous guidance.

Also on AMAT from On24

Analyst: AMAT is too expensive

biz.yahoo.com

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