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

To: John Sikora who wrote (39306)11/9/2000 8:59:49 AM
From: kdavy  Read Replies (1) | Respond to of 70976
 
B of A reduced estimates for amat. New target is 60.

According to yahoo discussion and cnbc

Kdavy



To: John Sikora who wrote (39306)11/9/2000 9:08:33 AM
From: XBrit  Respond to of 70976
 
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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