Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 260.22

+0.4%

Dec 23 3:59 PM EST

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To: Henry Eichorszt who wrote (13110)	12/12/1997 2:50:00 PM
From: Kirk ©	Read Replies (1) of 70976

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. =============================================== When I bought in '96 (july) at a p/e of 6, many were predicting zero or negative earnings. Of course, they were wrong. This stock sure has its ups n downs! suite101.com regards Kirk out

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