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To: Sully- who wrote (21223)	11/14/2001 6:19:44 PM
From: 4rthofjuly007	Respond to of 209892

This is an egg of epic proportions. I did not expect things were this bad>> * 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. I am dying to see how this gets spun. Maybe like, "Analysts raise earnings estimates on SOXX based on all the money they'll save on cap-ex"