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News Breaks | | | | November 29, 2012 | | 09:25 EDT |  | AMAT | Applied Materials changes positive, says Pacific Crest
After Applied Materials announced the consolidation of several of its business units and hired KLA-Tencor (KLAC) veteran Ali Salehpour to run them, Pacific Crest reports that Salehpour has been very effective and well-respected. The firm thinks the consolidation should help the company meet its $200M cost reduction goal, but the firm thinks a turnaround at the company could take years and it maintains a Sector Perform rating. | |
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