Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: Gottfried who wrote (33550)	12/22/1999 10:30:00 AM
From: Proud_Infidel	Read Replies (1) of 70976

Upgrade update: RESEARCH ALERT-Applied Materials raised to buy CHICAGO, Dec 22 (Reuters) - ABN AMRO said Wednesday it had raised its rating on semiconductor wafer fabrication equipment maker Applied Materials Inc. (NasdaqNM:AMAT - news) to buy from outperform, saying the market for wafer equipment in 2000 should be much stronger than originally expected. -- raised its fiscal 2000 EPS estimate to $3.80 from $3.30, which compares with earnings of $1.80 a share in fiscal 1999. -- raised 12-month price target on Applied Materials to $150 from $125. -- ''Not only are Taiwan, the U.S. and Korea expanding, but Japanese that have been largely absent in the 1996-1998 downturn are stepping up spending as well,'' analyst David Wu said in a research note. Applied Materials, ''with its big presence in Japan, is the U.S.-based company that has the most to gain from revival of the world's second-largest electronics market.'' -- Applied Materials closed Tuesday at 123-10/16.

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