Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 233.70

-1.7%

1:57 PM EST

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To: Iceberg who wrote (25615)	10/22/1998 6:41:00 PM
From: Chavez6	Read Replies (2) of 70976

Here is why AMAT is up. Semiconductor capital equipment companies rose today on positive comments from one industry executive. Douglas Schatz, the chairman and CEO of semiconductor capital equipment power supplies manufacturer Advanced Energy Industries (Nasdaq: AEIS), reportedly told analysts in a conference call today that he sees the capital equipment sector hitting bottom in Q4, providing a glimmer of hope that the long-suffering companies in the industry will see brighter days in calendar 1999. Advanced Energy, which also reported a Q3 loss of $0.06 per share (excluding charges) today -- above the mean estimate of a loss $0.13 per share -- climbed $2 7/16 to $10 3/16. Since the company is a supplier to capital equipment leader Applied Materials (Nasdaq: AMAT), its comments are given credence on the matter of a cyclical turnaround. Applied, which reports earnings in early November and will be the next important data point for the industry, rose $2 9/16 to $32 7/8. Lam Research (Nasdaq: LRCX) added $1 3/4 to $14 1/4, and KLA-Tencor (Nasdaq: KLAC) gained $3 1/8 to $32 9/16. Ed

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