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Politics : Formerly About Applied Materials
AMAT 332.31+0.6%2:31 PM EST

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To: Xpiderman who wrote (4174)4/30/1997 2:32:00 PM
From: Q.   of 70976
 
AMAT is trading at 17X FY 98 eps, whereas the semiconductor equipment sector as a whole has been trading closer to 13X. There are plenty of good semi equip stocks with dominant market shares that are trading at 10X 1998 eps or less. I think anybody who buys AMAT is getting a great company, but they are paying an unusual premium to the group right now.
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