Analysts aren't thrilled with Applied Materials' (AMAT -4.6%) FQ3 earnings report; J.P. Morgan...

|By:, SA News Editor
Analysts aren't thrilled with Applied Materials' (AMAT -4.6%) FQ3 earnings report; J.P. Morgan sees Applied's numbers as proof of a "full blown down cycle" that could extend into 2012. But Citi's Timothy Arcuri, who predicted Applied's weak FQ4 guidance, thinks the chip industry's equipment order levels are unsustainably low. (previously)