Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 242.41

+5.0%

Nov 25 3:59 PM EST

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To: Gottfried who wrote (1448)	7/10/2002 8:56:37 AM
From: Proud_Infidel	Read Replies (5) of 25522

If CSCO is recovering and gets a Strong Buy, shouldn't that mean AMAT will recover and should also deserve a Strong Buy, since the equipment CSCO buys is filled of all things, chips! I guess I should have stopped expecting logic and consistency(and honesty) from these people a long time ago. ************ 7:45AM Cisco Systems upped to Strong Buy at Merrill -- expects outperformance (CSCO) 13.14: As reported at 07:20, Merrill Lynch is upgrading stock to near-term STRONG BUY from Buy. Believes fundamentals at Cisco are improving and expects co to show rev/EPS outperformance before yr-end. Firm's macro indicators continue to point toward a recovery in comm equipment new orders during 2H02, with revs to follow shortly thereafter. Views valuation of 23x CY03 est of $0.58 as a favorable entry pt for investors looking out 12 months. Major risk for Cisco would be that economic recovery now underway stumbles.

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