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

To: Jack Hartmann who wrote (5870)	3/18/2003 3:32:12 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 25522

Cowen and JPM on AMAT Cowen adjusts AMAT numbers 9:22 AM EST Cowen reported that it lowered Applied Materials' 2003 and 2004 EPS estimates to 12 cents from 13 cents and to 44 cents from 48 cents, respectively. A 14% headcount reduction creates a long-term buy opportunity, the broker said. AMAT numbers cut at J.P. Morgan 8:26 AM EST J.P. Morgan said it now expects Applied Materials to earn 9 cents this year and 11 cents in fiscal 2004. Transition to 300 mm has been challenging, and the company has not been able to cut costs fast enough. Neutral rating. Jack