Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 231.46

+2.8%

9:42 AM EST

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To: Proud_Infidel who wrote (34272)	2/17/2000 2:10:00 AM
From: Rusty Johnson	Read Replies (1) of 70976

SmartMoney Interactive ... Applied Materials Churns Ahead on Bullish Outlook, Stock Split smartmoney.com But how much higher can Applied shares go? Last year, the stock soared 196%. And this year, it tacked on another 40% before pulling back last week. SG Cowen analyst Min Pang says that while the stock is trading at historically high levels ? 35 times calendar 2001 earnings estimates ? it could expand to 40 depending on how strong the company's results are. "Even at 40x, AMAT would be a $290 stock, or up 75% from current levels," Pang wrote in a note. "It is also within reason that our assumptions could end up being conservative and the stock could double from here." Best of luck.

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