Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.39

+6.0%

1:25 PM EST

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To: jtechkid who wrote (23283)	8/25/1998 7:44:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

This news really shouldn't surprise anyone. It was widely rumored that layoffs were in the offing. Additionally, in their CC they said they expected a net gain of 3-5 cents, not including restructuring charges. Essentially, I believe that remains unchanged. This is not a warning that operating results will fall short of the 3-5 cents. It's merely affirming the fact the the charges will indeed bring the eps into the red for this Q. Although I respect AMAT mgt very much, as jtechkid indicated, they laid off people in '96 and it came back to bite them in the a**. Could this be a contrary indicator again? Probably not, but we'll see tomorrow whether all the bad news is in the stock price tomorrow. BTW, a block of 5000 shares after-hours is meaningless. Tomorrow the story will unfold. The waiting is the hardest part..... BK

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