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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (16167)	7/9/2013 10:07:49 PM
From: Brian Sullivan	Respond to of 34328

Applied Materials Rising: Bulls Cheer Opportunities in Device Complexity By Tiernan Ray Shares of Applied Materials ( AMAT) are up 53 cents, or 3.5%, at $15.67, as the Street responds to the company’s analyst day session yesterday, at which the company projected per-share net profit of $1.50 to $2.15 by 2016, well above the 62 cents the Street expects for the fiscal year ending this October. CEO Mike Splinterand the other executives talked about mobile as the dominant theme for their semiconductor customers, with consumer gadgets that require longer battery life and better displays “creating major device performance and yield challenges for semiconductor and display manufacturers.” There are no ratings or price target or estimate changes today, that I can see, but the bulls have been out in force, cheering the “upbeat” tone from the company about its prospects in not only conventional areas such as “etch,” but also the promise of more complex semiconductor structures, such as three-dimensional transistors.