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Politics : Formerly About Applied Materials
AMAT 318.61-3.0%3:59 PM EST
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To: Steve Fancy who wrote (64010)5/24/2002 2:20:56 PM
From: Return to Sender  Read Replies (1) of 70976
 
Goldman did not make an announcement of that nature to the best of my knowledge. They do have a short memory however because on April 5 they upgraded KLAC then at 65 with a target of 83.

Message 17511315

7:46AM KLA-Tencor estimates raised at Goldman Sachs (KLAC) 65.71: Goldman Sachs raises ests for KLAC ahead of its Q3 earnings report as a result of a recent uptick in order activity; the projected order increase leads firm to significantly raise CY03 EPS est to $1.85 from $1.25; price target is $83.

And today:

7:27AM Goldman Sachs downgrades semi equipment stocks : Goldman Sachs downgrades the semi equipment sector to MKT WEIGHT from Mkt Overweight and lowers individual stock ratings; given near-term fundamental concerns and stock outperformance, firm would wait on the sidelines until a clearer end-demand picture emerges; believes a pause in order growth could occur as foundry customers digest the capacity additions that have accounted for much of the recent uptick in orders. Downgrades ACLS, AEIS, LRCX, and NVLS to MKT PERFORM from Mkt Outperform, and downgrades AMAT, ATMI, KLAC, and TER to MKT OUTPERFORM from Recommended List.

Now I guess the target on KLAC is 45?

RtS
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