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

To: Fargonaut who wrote (22912)	8/12/1998 10:26:00 AM
From: Fortinwit	Read Replies (1) \| Respond to of 70976

DLJ lowering (from briefing.com/in play) 09:25 ET Applied Materials (AMAT) 32 7/8: DLJ says company will be in situation of uncertainty for next 2 to 4 qtrs. Cuts Oct. view from $0.07 to $0.02, lowers FY98 view from $1.20 to $1.10 (end Oct) and FY99 from $0.86 to $0.70 (down 19%). AMAT shares have rebounded in pre-market, now indicated 3/8 higher. That's the way the game is played these days. As long as the headline number looks good, major tech companies with collapsing earnings are able to rally the day of the release. Of course, they always come back down over the weeks following, e.. F.