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Politics : Formerly About Applied Materials
AMAT 252.34+1.0%12:59 PM EST

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To: Paul V. who wrote (31032)6/15/1999 6:32:00 PM
From: Howard Bennett  Read Replies (2) of 70976
 
John Murphy was on CNBC today and talked about AMAT's potential breakout to new highs

He pointed out that the upside measurement if the old highs are taken out is $85 per share.

My question is this: What about fundamentals? Seems to me that the valuation is a little rich. I see that Yahoo shows expectations for EPS growth of 33% this year, 71% next year. Is that realistic?

Also...why was there so much insider selling of AMAT in April?
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