S&P Picks and Pans: Applied Materials, Mattel, GM, ADC Telecom, Rockwell, Corn Products

AMAT provides January-quarter sales update of $1.33 billion, at the low end of prior guidance of down 25%-35% from October-quarter. It sees a net loss of $0.09-$0.11, which includes $0.09 in one-time charges, vs. previous outlook for EPS of breakeven to $0.04.