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Santa Clara-based Applied Materials Inc.'s earnings for...

Times Staff and Wire Reports

Santa Clara-based Applied Materials Inc.'s earnings for the first quarter fell 48%, less than analysts expected, to $89.1 million, or 48 cents a share, from net income of $171.6 million, or 93 cents, in the year-earlier period. . . . Hellman & Friedman said co-founder Tully Friedman is resigning from the San Francisco-based investment bank to start his own firm.


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