Merrill Lynch analyst Brett Hodess said that checks indicate that AMAT has had faster-than-expected acceptance of new shipments at some customers, which could provide slightly higher revenue and profit results than in his estimates.
"We believe the company is seeing the beginning of a recovery in all regions: Taiwan, Europe, US, Japan and China," he wrote in note to clients. "The pickup in these regions represents all types of chipmakers: foundry, DRAM, and logic."
"This strength could result in orders coming in as high as $1.4 billion, above our original $1.2 billion estimate for the quarter," he said.
Goldman Sachs analyst James Covello on Monday increased his 2002 and 2003 earnings-per-share estimates for AMAT, lifting his 2002 estimate to 37 cents from 34 cents, and increasing 2003 to $1.00 from 85 cents. |
