About 564 million shares changed hands on the New York Stock Exchange, with advancers outpacing decliners 2 to 1. …
Applied Materials (AMAT), a semiconductor/solar play, is up over 10% in the weeks leading up to its July Quarter earnings (Tuesday, August 12th, after close). FBR doesn't see any catalysts that will drive the stock higher near term: …
Lam Research said today that it is acquiring Novellus Systems for $3.3 billion in an all-stock deal. Novellus shareholders ... The two Silicon Valley companies compete against Applied Materials, the multibillion-dollar giant of the industry.
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They had been in talks for 18 months. Via a statement from Applied Materials: The decision came after the U.S. Department of Justice (DoJ) advised the parties that the coordinated remedy proposal submitted to all regulators would …