Applied Materials sees total cost of voluntary retirement program $180M-$230M Says these actions will make available more than $140M annually for new investments. The company incurred a charge of $106M in the quarter for the program and expects a majority of the remaining GAAP charges to be incurred primarily in the first half of 2013.
Applied Materials weakness creates buying opportunity, says Stifel Stifel believes that Applied Materials' (AMAT) fundamental story has not changed, while the weakness in the shares is an overreaction to certain issues, including the Microchip (MCHP) preannouncement. Stifel expects the company to benefit from strong WFE spending in 2015 and increasing capital intensity trends in the chip sector. The firm keeps a $25 price target and Buy rating on the shares.