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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: Math Junkie who wrote (48083)6/18/2001 8:23:19 PM
From: Cary Salsberg  Read Replies (1) of 70976
 
Earnings estimates. 12/01 $1.47, 12/02 $1.66 (Yahoo)

35 times trough earnings for a great company like NVLS is reasonable. I just don't believe the estimates because their orders have fallen dramatically and I don't buy a V recovery. I expect further downward revisions in earnings estimates and lower prices.
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