Applied Materials Dodges M&A Bets Amid KLA-Lam Union
Lam Research (LRCX) and KLA-Tencor’s (KLAC) impending marriage left little “attractive or sizable” in the dating ring for Applied Materials (AMAT), one analyst suggested late Thursday after the No. 1 chip gear-maker reported mixed Q4 earnings. But, investor relief led Applied Materials stock to jump Friday. In midday trading on the stock market today, shares were up 5% near 17.50. For its fiscal Q4 ended Oct. 25, Applied Materials reported $2.37