Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: TechMeister who wrote (22795)	8/11/1998 4:26:00 PM
From: KM	Read Replies (1) of 70976

I saw an estimate that the new orders could be $500M or even worse. So, it might be better than expected. I am glad I don't have a short position any more, at least for the moment. * * * * NationsBanc Montgomery Securities semiconductor equipment analyst Brett Hodess said the sector was doing no worse than the rest of tech stocks. But he and others on the Street may have to revise that notion after tonight's earnings announcement by Applied Materials. Considered a bellwether for chip equipment companies, AMAT preannounced July 10 and guided earnings expectations down 24%. Even so, Hodess is expecting more bad news in tonight's call. The company is expected to announce orders for the third quarter at $600 million. But market whispers say the company will estimate this quarter's orders at closer to $500 million and Hodess thinks it could be even worse. (Hodess has the stock recommended as a buy, and Montgomery has not done any AMAT underwriting.) The company will likely announce drastic cost reductions to stay profitable, but Hodess didn't sound optimistic.

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