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Strategies & Market Trends : Sharck Soup

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To: KevinThompson who wrote (36277)10/2/2001 8:55:16 AM
From: KevinThompson  Read Replies (1) of 37746
 
07:31 ET Applied Materials (AMAT) 28.42: Lehman Brothers reduces FY02 estimate to $0.40 from $0.50; cites increased level of caution at chip makers and news of delays in spending on certain 300 mm projects; now projects an order trough in Jan 2002 instead of Jul 2001.
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At 40 cents going forward, forward PE is 70 right now. I think that's too high and suspect stock price will see continued weakness.

KT
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