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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (2992)	8/9/2000 8:31:07 PM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 3661

From Briefing.com One development that could lure a few more investors back to the chip sector is Applied Materials' (AMAT 72 1/8 +1 9/16) earnings... After Wednesday's close, AMAT reported gain of $0.70 v. consensus estimate of $0.68 and year-ago gain of $0.31... Revenues of $2.73 bln exceeded upper end of company guidance ($2.6-$2.7) and represented a yoy gain of 83%... More impressively, sales rose by 25% sequentially... Market will also be happy with the $3.28 bln in new orders (above $3 bln AMAT projected) and the 2.9% jump in gross margins to 50.9%... Barring cautionary guidance in the conference call (see Short Stories page for updates from the call), AMAT should lift the entire chip/chip equipment group in today's trading.