Applied Materials' Slide Brings Out Buyers
Stock quotes in this article:
AMAT
Most of the slowdown in demand has occurred in relatively older 200-millimeter equipment rather than in the more advanced 300-millimeter gear, he added. In the fourth quarter, 84% of Applied's orders were for leading-edge 300-millimeter products.
In other news, Applied repurchased 31 million shares of common stock in the quarter at an average price of $16.13 each, for a total purchase price of $500 million.- Loading Comments...
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