Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 325.19

+2.3%

3:59 PM EST

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To: Jeffrey D who wrote (31781)	8/9/1999 5:21:00 PM
From: Henry Eichorszt	Read Replies (3) of 70976

From SM-Chip-Equipment Stocks Anticipate Big AMAT Earnings Chip-equipment makers rose in anticipation of Applied Materials' third-quarter earnings report due Tuesday. Shares of AMAT, which is considered the bellwether for the group, rose more than 5% at one point and were inching close to their 52-week high. Morgan Stanley Dean Witter analyst Steven Pelayo expects Applied to post a strong quarter. He estimates that Applied will earn 53 cents a share, in line with the First Call consensus estimate. The company earned 19 cents a share a year ago. He also expects the chip-equipment maker to post $1.35 billion in revenue and $1.5 billion in bookings. Applied is seeing strength from its foundries in Taiwan, and is gaining share in several of its product lines, Pelayo says. That, along with firming dynamic random access memory (DRAM) prices and solid PC demand, has created a strong environment for chip-equipment stocks, Pelayo says. In fact, rising DRAM prices, coupled with lower inventories, prompted ING Barings analyst Peter Wolff to raise his rating on chipmaker Micron Technology (MU) Monday to Buy from Hold. MR

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