Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

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To: 16yearcycle who wrote (44808)	3/30/2001 11:42:01 AM
From: Math Junkie	Read Replies (2) of 70976

As you pointed out, AMAT underperformed the NASDAQ in the early part of the downturn and has shown good relative strength since then. I do think that fundamentals are a factor in the recent relative strength. Semiconductor equipment companies are not inflated dot coms with vapor earnings. These are solid, well-run companies with a long term track record of real earnings, and real earnings growth. The following shows a PEG of 1, based on the estimated three-to-five year growth rate of 25%. And that growth rate is not a WAG, but quite typical of the long term historical growth rate. smartmoney.com

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