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

To: StanX Long who wrote (55372)	11/13/2001 1:31:50 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

From the last article, Shares of computer chip equipment maker Applied Materials (AMAT: up $0.39 to $38.96, Research, Estimates) declined early Monday, but ended the day in positive territory, on news that the company would close down operations for three days before the Thanksgiving holiday and for three days following New Year's, in addition to its shutdown between Christmas and New Year's, in an effort to cut costs. money.cnn.com UBS Warburg expects Applied Materials to meet or beat the firm's earnings guidance of 1 cent per share when it reports fourth-quarter results on Wednesday afternoon, and said the primary investor focus will be on January guidance. The consensus of analysts polled by earnings tracker First Call expect the company to earn 4 cents per share. AMAT suggested fourth-quarter revenue may fall slightly short due to continuing industry weakness. Applied Materials will begin to take losses unless additional aggressive cost cutting actions are taken, according to UBS Warburg. Morgan Stanley said Monday it is raising price targets on many chip equipment stocks, claiming the area will be bullish, but that near-term speed bumps are likely. The firm said investors should still buy now because a recovery cycle should begin late in the first quarter. Equipment stocks should outperform over the next nine-to-12 months, according to Morgan Stanley.