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

To: The Ox who wrote (15039)	5/18/2005 12:14:45 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Applied Materials Has Upside Despite Weak Guidance 05.18.05, 12:04 PM ET Standard & Poor's Equity Research maintained a "buy" rating on Applied Materials (nasdaq: AMAT - news - people ) and lowered earnings estimates after the company issued guidance below expectations. The research firm now estimates fiscal 2005 earnings per share of 69 cents, down from 79 cents. S&P Equity Research remained confident in the company: "Despite a reduced earnings outlook, we are encouraged by the company's cost-cutting and ongoing stock buyback program, totaling $4 billion. We also view the risk/reward profile positively, as industry fundamentals appear to be bottoming."