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

To: niek who wrote (15031)	5/18/2005 9:04:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 25522

And the counterbalance that will cushion the sell off!!'http://www.siliconinvestor.com/readmsg.aspx?msgid=21334915 Bob Any way you cut it - when stocks go up on bad news - IT'S A BULL MARKET. Today will be a good culture test with Amat. Time will tell.

To: niek who wrote (15031)	5/18/2005 9:41:21 AM
From: Proud_Infidel	Respond to of 25522

Applied Mateirals' 'Fundamentals Deteriorating' 05.18.05, 9:16 AM ET Piper Jaffray maintained a "market perform" rating on Applied Materials (nasdaq: AMAT - news - people ) after the company reported fiscal second-quarter earnings. The research firm lowered earnings estimates and reduced the stock's price target to $18 from $19. "As a result of the business slowdown from weak foundry demand and slightly lower-than-expected gross margins due to higher service and flat-panel display mix, we are reducing our estimates for both fiscal 2005 and 2006." Piper now estimates 2005 earnings of 69 cents per share on revenue of $6.87 billion, down from earnings of 69 cents per share on revenue of $7.11 billion. The firm cut Applied Materials' 2006 estimate to earnings of 67 cents per share on revenue of $6.98 billion, down from earnings of 75 cents per share on revenue of $7.47 billion. Piper Jaffray was not impressed with Applied's third-quarter booking guidance, which was below industry mates Novellus Systems (nasdaq: NVLS - news - people ), Lam Research (nasdaq: LRCX - news - people ) and KLA Tencor (nasdaq: KLAC - news - people ). The research firm concluded, "Although Applied Materials' guidance is slightly worse than peers, we believe it is more of a result of fundamentals deteriorating since its peers reported a month ago, than any market share issues. However, it does likely mean that other companies in the space could report at the low end of range in the second quarter of calendar 2005."