UPDATE: Needham Reiterates On Applied Materials Following F4Q13 Results

In a report published Friday, Needham analyst Y. Edwin Mok reiterated a Hold rating on Applied Materials (NASDAQ: AMAT ). In the report, Needham says "AMAT's F4Q13 (Oct) results slightly beat consensus but the modest 5% orders growth is slightly disappointing versus buy-side expectations going into the call. Guidance is