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Monday, February 2, 2009

Applied Materials (AMAT) guides 1Q:09 lower

Revenues will come in at the low end of their down 25-35% range at 1.33 billion, below consensus of 1.41 billion, EPS at .00 - .02 below prior range of .00 - .04 and consensus of .03

Book is $5.5ish, 1.5* book would be $8.25.  The stock probably trades to the top end of that range at some point.  They may be tanking near-term guidance so they can show a better than industry growth rate when they talk about 2Q.

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