Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 226.05

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Nov 14 3:59 PM EST

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To: Proud_Infidel who wrote (3043)	9/16/2002 9:47:51 AM
From: Jeffrey D	Read Replies (1) of 25522

Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201-938-5299; email: tom.granahan@dowjones.com) MARKET TALK can be found using N/DJMT 9:22 (Dow Jones) While Mark FitzGerald, an analyst at Banc Of America Securities, says many semiconductor equipment companies are still running with bloated cost structures, the free fall in their stock prices in the last four months is "shaking the industry out of its delusional stupor." According to FitzGerald, Advanced Energy Industries (AEIS), Applied Materials (AMAT), Credence Systems (CMOS), Novellus Systems (NVLS) and Teradyne (TER) are likely developing plans or have already implemented plans to cut costs further. In the case of Novellus and Teradyne, FitzGerald predicts cost cutting announcements could come shortly and that Novellus' stock could climb to between $28 and $29 on the news and Teradyne's share price could increase to between $16 and $17. Novellus closed Friday's session at $23.85, while Teradyne finished at $12.30. (DLF)

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