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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (22751)	8/10/1998 7:24:00 PM
From: Henry Eichorszt	Respond to of 70976

Chip and Chip Equipment Stocks The semiconductor group gave back gains posted last week. Some analysts attributed the group's recent rise to the perception that conditions were improving -- namely a firming of prices for memory chips and lower PC inventories. But investors may have been too quick to call a bottom. Investors are awaiting leading chip equipment maker Applied Materials' earnings report Tuesday. Considering that the company already warned that results would be lower and that analysts have cut estimates, Applied Materials should hit the consensus target of 16 cents a share, says analyst Min Pang at SG Cowen Securities. Pang expects the number of orders at Applied Materials to pick up in the quarter ending in October, if they haven't already improved in the July quarter. But overall, conditions for the chip companies haven't gotten any better, nor have they gotten worse, Pang says.