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To: Volsi Mimir who wrote (3151)11/9/2000 9:31:42 AM
From: Philip W. Dunton, Jr  Read Replies (1) | Respond to of 3661
 
09:00 ET Applied Materials (AMAT) 43 7/16: Banc of America lowering its FY01 earnings
estimate to $2.90 from $3.45 (-16%) and cuts price target to $60 from $93. Firm expects AMAT to
make its number when earnings are reported next week. However, believes the outlook on bookings
is murky and will lead to cautious F1Q'01 guidance on bookings.... AMAT falls to $40 1/4 in
pre-market. Call also impacting NVLS -1, KLAC -1.
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The chip sector keeps unraveling like a cheap suit. Phil