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

To: Lizzie Tudor who wrote (6436)	7/10/2003 1:16:42 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

RESEARCH ALERT-US Bancorp starts Applied Materials Thursday July 10, 12:00 pm ET NEW YORK, July 10 (Reuters) - US Bancorp Piper Jaffray on Thursday said it began coverage of Applied Materials Inc. (NasdaqNM:AMAT - News), the biggest maker of semiconductor manufacturing equipment, with an "outperform" rating. "(The company's) cost reduction, project streamlining, management changes and core refocusing position the company for renewed earnings growth in a more cyclical, less growth industry," analyst Stephen O'Rourke said in a research note. Shares of Applied Materials closed at $17.65 on the Nasdaq stock market on Wednesday.