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

To: Big Bucks who wrote (23500)	8/28/1998 1:24:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 70976

BB/all, {edited] Estimates and Needham maintains "buy", predicts early recovery. Shares of computer chip equipment maker Applied Materials (AMAT) lost 5.7 percent after the company's announcement that it would fire 2,000 employees and take a fourth-quarter loss. See press release. Shares fell 1 11/16 to 27 7/8. Needham & Co. analyst John W. Pitzer, however, maintained his "buy" rating on the stock. According to his research report, Pitzer anticipates that the company will begin a recovery by the fourth quarter of 1998 or the first quarter of 1999. cbs.marketwatch.com ESTIMATE REVISIONS: AMAT: ADVEST GROUP decreased estimate for fiscal year ending 10/98 from $1.12 to $1.11 on 08/19/98 AMAT: ADVEST GROUP has reiterated estimate for long term EPS growth of 25.00% per year on 08/19/98 AMAT: ADVEST GROUP made new estimate for quarter ending 01/99 of $0.06 on 08/19/98 AMAT: ADVEST GROUP made new estimate for quarter ending 04/99 of $0.11 on 08/19/98 AMAT: ADVEST GROUP made new estimate for quarter ending 07/99 of $0.15 on 08/19/98 AMAT: ADVEST GROUP made new estimate for quarter ending 10/99 of $0.23 on 08/19/98 Big Bucks: to put you in the mood for battle... geocities.com GM