Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 234.37

-2.7%

12:39 PM EST

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To: Cary Salsberg who wrote (53470)	10/1/2001 6:10:50 AM
From: dr_elis	Read Replies (2) of 70976

What do think of this one (from U.S. Bancorp Piper Jaffray): ``We are initiating coverage of Applied Materials with a Buy rating and a 12-month price target of $35, based on a historical-peak-forward earnings multiple of 15 times estimated 2004 earnings-per-share (EPS) of $2.75, discounted back one year by 17 percent,'' said Konezny. ``Given the company's impressive historical performance and expectation of future market share gains, Applied Materials is a core holding for long term-oriented investors, in our opinion. In addition, it appears that downside risk to AMAT shares is limited based on current valuation multiples, which are near 1998 lows.'' I thought their 12-month target is somewhat scary... Regards Michael

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