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Politics : Formerly About Applied Materials
AMAT 226.05+1.3%Nov 14 9:30 AM EST
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To: Ian@SI who wrote (32582)9/23/1999 3:13:00 PM
From: Proud_Infidel   of 70976
 
Ian,

I think that even starting at a "double" is being conservative.



I agree. Recently Morgan came out with projections of a $53B industry by 2003. If AMAT holds their share of the market(33%) and a PSR of 5, and 53B is reached, we are looking at a price of $228/share(assuming 385M shares) sometime before 2003.

BK
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