Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

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Nov 26 3:59 PM EST

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To: Jacob Snyder who wrote (21708)	7/13/1998 10:57:00 AM
From: Ian@SI	Read Replies (2) of 70976

Looks like all the rats (errrrr, analysts) are deserting the ship... Monday July 13, 10:18 am Eastern Time RESEARCH ALERT-Applied Materials EPS cut NEW YORK, July 13 (Reuters) - Lehman Brothers said Monday it has cut its earnings-per-share forecasts for Applied Materials Inc., but maintained a buy rating on the stock. -- Analyst Edward White cut earnings estimates for third and fourth quarter 1998 to $0.15 and $0.05 from $0.20 and $0.21 respectively. -- EPS for full year 1998 and 1999 cut to $1.09 and $1.90 from $1.30 and $2.25 respectively. -- ''We continue to believe a strong full year 1999 upturn is likely,'' White said. -- White said outlook for chip sector unlikely to get much better in the next few months. -- The semiconductor equipment maker warned before the open Monday that its third quarter results would fall below expectations due to weak personal computer sales and struggling Asian economies.

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