Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 260.77

+0.2%

Dec 24 12:59 PM EST

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To: Debt Free who wrote (13128)	12/12/1997 1:06:00 PM
From: Murti Gajjala	Read Replies (2) of 70976

Friday December 12, 11:18 am Eastern Time RESEARCH ALERT - Applied Materials estimates cut NEW YORK, Dec 12 (Reuters) - Lehman Brothers said it lowered its fiscal 1998 earnings estimate for Applied Materials (Nasdaq:AMAT - news) due to South Korea's economic problems, but it reiterated its buy rating on the stockcompany. -- said the 1998 earnings estimate went to $2 per share from $2.15 because South Korean chip manufacturers are delaying capital investments. -- said that, overall, Applied Materials remains well-positioned; its share price has fallen 48 percent since August even though earnings could grow more than 40 percent in fiscal 1998. -- Applied Materials was up 1/16 at 27-3/8 in morning trading. Source: from Yahoo.com With earnings estimates in $2 range, we can hope it will NOT go down any more. Murti

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