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

To: StanX Long who wrote (60389)	2/13/2002 1:30:18 AM
From: StanX Long	Respond to of 70976

Applied Materials, News Corp. beat Street; Fed regulators side with Ford. Stocks to watch Wednesday February 12, 2002: 6:14 p.m. ET money.cnn.com NEW YORK (CNN/Money) - Applied Materials beat first-quarter estimates after the bell Tuesday, while News Corp. also came in above Wall Street's expectations. Applied Materials (AMAT: Research, Estimates), the world's largest supplier of equipment used to manufacture chips, said it earned $15 million, or 2 cents per share, in the quarter ended Jan. 27. That's down 97 percent from $424 million, or 50 cents per share, during the same quarter last year. The stock rose 19 cents to $44.90 after hours. Rupert Murdoch's News Corp. (NWS: Research, Estimates) beat second-quarter earnings estimates by a penny Tuesday, but profit fell from a year ago as trouble in the advertising market continued. Optical networking company Sycamore Networks (SCMR: Research, Estimates) reported second-quarter revenue plunged compared with the year-ago period, but the company still posted a narrower-than-expected loss. Network Appliance (NTAP: Research, Estimates) doubled Wall Street's earnings expectations for the data storage device company but still saw its profit, excluding special items, fall from year-earlier levels. The stock rose $1.20 to $17.65 after hours. Federal safety regulators sided with Ford (F: Research, Estimates) rather than tiremaker Bridgestone/Firestone Inc. Tuesday, as they said that no further investigation into the handling and control characteristics of the Ford Explorer sport/utility vehicle is warranted. Bridgestone/Firestone had requested the investigation, charging that the design of the Explorer played a role in more than 100 deaths linked to the vehicles equipped with Firestone brand tires that suffered from a tread separation. Lockheed Martin (LMT: Research, Estimates) said the U.S. Air Force awarded it a $2.7 billion contract to build 13 more F-22 Raptors. The planes are scheduled for delivery to Tyndall Air Force Base, Fla., by the end of 2004, where they will be used by the 325th Fighter Wing to train both pilots and maintenance crews. The contract also calls for Lockheed Martin to execute other unspecified activities as part of Lot 2 production.