Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 328.29

-3.4%

3:59 PM EST

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To: Tony Viola who wrote (37887)	10/5/2000 2:38:29 PM
From: Bob Kim	of 70976

ML downgrade, did they say we're going back to vacuum tube or relay logic again? ML lowered their price targets for the semi-equipment stocks. They didn't change any ratings. They are having troubles today. They had to pullback and reissue their original error-filled comments. They did say that after the reduction, the stocks have implied upside potential of 75% on average. BTW, 20% is all that is necessary for a ML "Buy" rating. Accumulate-rated AMAT's target got reduced from $120 to $76. The analyst started coverage at about $96 less than 4 months ago.

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