Goldman makes Applied Materials (AMAT +2.3%) a Conviction Buy on news of Bob Halliday's...

|By:, SA News Editor
Goldman makes Applied Materials (AMAT +2.3%) a Conviction Buy on news of Bob Halliday's promotion to CFO. Halliday and (AMAT president/former Varian CEO) Gary Dickerson were crucial to more than doubling Varian's share of the implantation equipment market in the 7 years prior to its purchase by AMAT, Goldman observes. It thinks Halliday's track record "bodes well for Applied's ability to execute on a more streamlined cost structure," and to gain chip equipment share.