Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proud_Infidel who wrote (34270)	2/16/2000 11:57:00 AM
From: Terry D	Read Replies (1) of 70976

The Bear Stearns report - remember this is Bob Maire formerly of Morgan Stanley. Applied Materials, Inc. (AMAT ú 166« ) Buy Price Target: $170 to $200 Raising Price Target & Estimates Market Cap: $64.2 Billion Index: S&P 500 Robert Maire - Semiconductor Capital Equipment We reiterate our Attractive and are raising our one-year price target to $200 up from $170 per share. We are also raising our estimates for FY'00 and FY'01 to $4.20 and $5.40 per share, respectively based on the visibility, strength across geographic regions, product offerings and demand driven by both additional capacity as well as new technology buys. Orders came in at $2.36B up 43% sequentially from the previous quarters $1.6B. Things are just fantastic across the board across all products and geographies. AMAT is now in the realm of being a $10B a year company as projected by the CEO, Jim Morgan not that long ago. They are far and away in a league by themselves. It would take a consolidation of the remainder of the industry to match AMAT. Business just keeps getting better. It is more than just a "flash in the pan" up cycle. It is a broad based strong wave of demand accelerated by the switch from technology related buying into the "high gear" of capacity related buying. Yet this is all happening in a "controlled" manner not characterized by the previous upcycles "out of control" feeling. AMAT's earnings announcement, coming in beyond even the most aggressive whisper numbers, is the "icing on the cake" of a very strong earnings season and further underscores the strength of the current cycle. We would expect a positive reaction in the semiconductor equipment stocks across the board as this is a reaffirmation of investors sentiments. Bear Stearns: 10/2000E $3.52 to $4.20; Q2 $0.84 to $1.97 10/2001E $4.50 to $5.40 Consensus: 10/2000E $3.44; Q2 $0.84 10/2001E $4.42 Consensus Rating: 1.5 (last updated 2/15)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next