Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.92

-1.1%

Dec 30 3:59 PM EST

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To: Kirk © who wrote (40760)	12/13/2000 1:23:02 PM
From: Bob Kim	Read Replies (2) of 70976

Kirk, Hodess started coverage in mid-June at ML with a $120 price target with the stock trading near $100 at the time. He lowered the price target from $120 to $76 on 10/5/00 citing a need to "reflect valuation realities" Based on yesterday's close of $45.50, he could have maintained the Accumulate rating with a price target as low as $50.05 and upgraded to Buy with a price target as low as $54.60. The funny thing is that ML's tech stock strategist upgraded the semi-cap equipment sector weighting yesterday.

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