Bearmove..AMAT had a TREMENDOUSLY GREAT report. First,
there was no "Arthur Andersen" accounting errors.
Second, there were no Enron-like fabrication of orders and sales of products.
Third, CEO and CFO did not follow Dennis Koslowski's footsteps and buy $30,000 shower curtains.
Fourth, Iraqi war ended.
You will see AMAT fly to the 20s in 1-2 months.
Earnings going forward are really irrelevant.
If it mattered, NVLS/KLAC/TER wouldn't have had the gains they've had since reporting earnings and giving forward guidance back in April.
