Applied Materials, Inc. (AMAT) Financial News - Tech Stocks: Techs slide in broad selloff

Applied Materials, Inc. (AMAT)

Tech Stocks: Techs slide in broad selloff

Keywords: Markets|U.S. & Canada, KLAC, KLA-Tencor Corp., LRCX, Lam Research Corp., ASML, ASML Holding N.V., NVLS, Novellus Systems Inc., AMAT, Applied Materials Inc., AMAT, Applied Materials Inc., SOX, PHLX Semiconductor Index, COMP, NASDAQ Composite Index, MSH
Quote: On the other hand, Novellus lost 0.6% to end at $35.77, ASML slipped 1.4% at $36.93 and Applied Materials Inc./quotes/zigman/19895/quotes/nls/amatAMAT-0.92%/quotes/zigman/19895/quotes/nls/amatAMAT-0.92%fell about 1% at $12.98.The Philadelphia Semiconductor Index/quotes/zigman/1468249SOX-1.71% was down 1.7%.The rest of the sector was also in negative territory, with the Nasdaq Composite Index/quotes/zigman/123127COMP-2.00% off 2% to close at 2,803, while Morgan Stanley High Tech 35 Index/quotes/zigman/1468957MSH-2.17% lost 2.2%.The Dow Jones Industrial Average/quotes/zigman/627449/delayedDJIA-1.20% was down 151 points.Among the major decliners were Hewlett-Packard Co./quotes/zigman/229301/quotes/nls/hpqHPQ-3.13%, Cisco Systems Inc./quotes/zigman/20039/quotes/nls/cscoCSCO-1.97% and Oracle Corp./quotes/zigman/76584/quotes/nls/orclORCL-2.18%Benjamin Pimentel is a MarketWatch reporter based in San Francisco.
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Applied Materials, Inc. Stock Summary

Incorporated in 1967, Applied, a Delaware corporation, provides Nanomanufacturing Technologytm solutions for the global semiconductor, flat panel display, solar and related industries, with a broad portfolio of innovative equipment, service and software products. “Nanomanufacturing” is the production of ultra-small structures, including the engineering of thin layers of film onto substrates. Applied’s customers include manufacturers of semiconductor chips and wafers, flat panel liquid crystal displays (LCDs), photovoltaic (PV) cells and other electronic devices, who use what they manufacture in their own end products or sell the items to other companies for use in advanced electronic components. The Company’s fiscal year ends on the last Sunday in October. Applied is the world’s largest semiconductor fabrication equipment supplier, based on revenue, with the capability to provide global deployment and support services.  ... More...""