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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (4895)	1/14/2003 5:04:03 PM
From: Fred Levine	Read Replies (1) \| Respond to of 25522

After the Bell-Intel up; chip gear makers hit Tuesday January 14, 4:57 pm ET NEW YORK, Jan 14 (Reuters) - Computer chip giant Intel Corp.(NasdaqNM:INTC - News) climbed in after-hours trading on Tuesday after the technology bellwether's fourth-quarter earnings surpassed Wall Street estimates. But a lackluster outlook on capital spending by the technology bellwether hit shares of Applied Materials Inc.(NasdaqNM:AMAT - News) and Novellus Systems Inc.(NasdaqNM:NVLS - News), companies that make tools used in chip factories. Intel shares rose to $18.10 in extended-hours trading after ending the session at $17.79 on Nasdaq. Intel, the world's largest maker of microprocessors, posted fourth-quarter profit of 16 cents per share on slightly higher revenues. Analysts expected 14 cents per share. Revenue rose to $7.2 billion from $7 billion a year ago. Intel's decision to cut capital spending this year by as much as 25 percent slammed chip gear makers. Novellus fell to $32 in after-hours trading from $33.45 at Tuesday's close, while Applied Materials tumbled to $14.66 from $15.36 at the end of trading on Tuesday. fred