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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (38324)	10/17/2000 9:25:48 AM
From: daryll40	Read Replies (4) \| Respond to of 70976

Tuesday October 17, 9:19 am Eastern Time RESEARCH ALERT - CSFB cuts Applied Materials NEW YORK, Oct 17 (Reuters) - Credit Suisse First Boston on Tuesday said analyst John Pitzer lowered his fiscal year 2001 earnings estimates for Applied Materials Inc. (NasdaqNM:AMAT - news) to $3.25 a share from $3.75 and cut the 12-month price target for the provider of equipment and services used in the semiconductor industry to $75 from $112. Pitzer said he lowered the earnings estimate because he believes the recent end-market demand disruptions will drive semiconductor companies to rationalise their capital budgets over the next several quarters to a slower-than-expected demand curve, especially for personal computers and cell phones. Pitzer said he was particularly wary that capital spending in Taiwan and Japan could temper growth. Shares of Applied Materials Monday closed at $48-3/4. Email this story - View most popular stories emailed

To: michael97123 who wrote (38324)	10/17/2000 9:32:17 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 70976

I stopped watching CNBC few years ago. I came to the conclusion that my own analysis and sources of info were far superior and more time efecient than CNBC. One of the main reasons for leaving CNBC was that as you've pointed out they are a lagging indicator; on huge up swings they invite only the bulls and on huge down swings the bear rule the tube. This is true even on daily basis! BTW, most techs are up in premarket, although NVLS gave back most of its gains (I should have bought it in after market yesterday and sell it in premarket today, but I don't day trade). ST