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May 15th, 2006

Foolish Forecast: Applied Materials

Abstract:
On May 4, Applied Materials announced its intention to acquire nanotech company Applied Films(Nasdaq: AFCO), which will expand the company's business in the realms of flat-panel displays and flexible electronics, as well as in solar cells and energy-efficient glass. In other news, in March, Applied Materials announced that it is cutting short last year's $4 billion stock buyback program just over halfway through its run, and replacing it with a new, $5 billion program that will run over the next three years.

Source:
fool.com

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