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: Proud_Infidel who wrote (1454)	7/10/2002 11:37:04 AM
From: Alastair McIntosh	Read Replies (1) of 25522

An upgrade of CSCO does not necessarily mean that AMAT should be upgraded. One good reason would be that the chip makers have enough capacity to satisfy demand from CSCO without buying more equipment. 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! The chip makers were able to fill CSCO's needs when CSCO was selling 25% more equipment than it is now. As I stated before, end demand for chips is the key driver for chipmaking equipment and end demand is stagnant. I don't know the bottom for AMAT but would not be surprised to see single digits.

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