Investopedia: Still Little Good News From Applied Materials
Two-thirds of the way through 2012, it's pretty clear that not only were expectations for a semiconductor and semiconductor equipment recovery wrong, they were off by a wide margin. As Applied Materials (Nasdaq:AMAT)
continues to see business erosion, it has to test the patience of even
the most loyal or long-term shareholder. While spending will recover
someday and the shares will have their day again, the shares are likely
to be volatile in the short term.