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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (5731)	11/14/2001 5:42:21 PM
From: Sully-	Read Replies (1) \| Respond to of 99280

* 17:40 ET Applied Materials (AMAT) 40.71 -0.09: -- Update -- Salomon Smith Barney is out with a note after the earnings release. JanQ guidance provided on call was in line with Salomon's expectations after it read the release. However Salomon expected the company to indicate on the call that JanQ would represent the cyclical bottom. Management did not go that far...stock at 38.96.

To: Softechie who wrote (5731)	11/14/2001 5:49:09 PM
From: t2	Read Replies (1) \| Respond to of 99280

AMAT is really dependent on their customers, the semiconductor companies. There would be a lag. If by chance there is a pickup in electronics devices that need chips, AMAT may be the last to know in that chain. That was why I had been concerned about this earnings report. This may be the short covering opportunity that results in higher close on the Nasdaq going into Dell's earnings...which may mark a short term top on the Nasdaq.

To: Softechie who wrote (5731)	11/14/2001 6:14:53 PM
From: 4rthofjuly007	Read Replies (2) \| Respond to of 99280

So who is reducing cap-ex? If industry spending declines by AMAT management expectations, who is making the reductions? Something has to give here. * 7:16 ET Applied Materials (AMAT) 40.71 -0.09: -- Update -- On call. company says orders should be weak in JanQ, slightly below OctQ....While sales and EPS should be lower than consensus, gross margin should increase vs the 37.1% achieved in OctQ...Mgmt expects industry capital spending to decline 30% in 2002 and cap spending for wafer fabs to decline 35%....stock at 39.15.