Applied Materials Earnings Estimate Cut

S&P sees slowdown in semiconductor sector; Also forecast changes for CenturyTel, Sepracor and more.

Company: Applied Materials (AMAT )

Year ending: Oct-01

Prior estimate: 3.05

New estimate: 2.50

Rationale: Reflects sector slowdown

Company: CenturyTel Inc. (CTL )

Year ending: Dec-01

Prior estimate: 1.90

New estimate: 1.65

Rationale: CLEC start up losses

Company: Millenium Pharmaceuticals (MLNM )

Year ending: Dec-01

Prior estimate: d0.38

New estimate: d0.48

Rationale: Higher R&D, SG&A expenses

Company: Sepracor Inc. (SEPR )

Year ending: Dec-01

Prior estimate: d2.50

New estimate: d3.30

Rationale: Higher R&D, SG&A expenses

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