Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 3:59 PM EST

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To: Proud_Infidel who wrote (33999)	2/3/2000 10:48:00 AM
From: Proud_Infidel	Read Replies (2) of 70976

RESEARCH ALERT - Kent Electronics raised NEW YORK, Feb 3 (Reuters) - Merrill Lynch said Thursday it raised its rating on shares of Kent Electronics Corp. to long-term buy from accumulate. -- Raised fiscal 2001 earnings per share estimate to $1.05 from $0.95. -- Said upgrade was due to Kent's contract manufacturing unit, KTEC, being awarded its largest contract in history. -- Said the three year large-scale system build contract is worth about $200 million in annual revenues ''once fully ramped'' in third quarter of fiscal 2001. -- Said it suspects the unnamed customer is likely Applied Materials Inc. (NasdaqNM:AMAT - news).* -- Shares of Kent were up 2-7/16 to 27-7/16 in Thursday morning trading on the New York Stock Exchange.

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