Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 230.77

+0.9%

Nov 12 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jacob Snyder who wrote (22220)	7/28/1998 5:35:00 PM
From: Henry Eichorszt	Read Replies (1) of 70976

NEW YORK (CBS.MW) --ÿTechnology stocks extended their selloff Tuesday amid rising concerns about market fundamentals. Semiconductor stocks advanced, but a bleak forecast from equipment maker Lam Research may depress that group Wednesday. Jul 28/98 4:30 pm ET Lam's gloomy outlook A bleak forecast by a leading chip equipment maker may pressure the semiconductor universe Wednesday. Lam Research (LRCX) closed up before posting an operating loss of 5 cents a share, a penny better than analysts' expectations. However, the company said the chip equipment industry is currently experiencing its worst downturn in over a decade and it expects its business to suffer through the next several quarters. Chip-gear manufacturers performed well prior to the announcements. KLA-Tencor (KLAC) jumped 1 11/16 to 28 15/16 after beating analysts' estimate for the fourth quarter. Applied Materials (AMAT) also rose, up 1 3/4 at 32 7/8 and Novellus (NVLS) rose 1 3/4 to 38 5/8.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next