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To: Wayners who wrote (20421)	8/12/1998 2:59:00 AM
From: miklosh	Read Replies (1) \| Respond to of 45548

from Breifing.con: Semiconductor Equipment Applied Materials (AMAT) posted Q3 earnings of $0.19, 3 cents above diminished expectations... But revenues fell sharply, new orders dropped by nearly 50% and gross margin tumbled almost 3%... Company also noted that it can't predict when Asian crisis will lift... In other words this was a bad report... Expect future estimates to start coming down, pulling stock along for the ride... Support in the 28-26 range. Add to AMAT's disappointing results the current crisis in Asia and today is shaping up as another difficult one for the beleaguered chip equipment group.