Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 249.89

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To: Gottfried who wrote (2274)	8/12/2002 8:42:30 AM
From: Proud_Infidel	Read Replies (1) of 25522

Take these FWIW: Applied Materials (AMAT / Nasdaq) Salomon Smith Barney Expect the company to incorporate peer guidance as mid-point of its range, implying an expected range of 5%-15% sequential decline. We are revising down our price target from $38 to $24 on Applied Material's to better reflect market conditions. Maintain Buy rating. Applied Materials (AMAT / Nasdaq) Prudential Securities Reducing estimates for the second time this quarter. Based on our field checks, we believe industry conditions could continue to deteriorate. We now expect AMAT to earn $0.19 per share in 2002 and $0.47 for next year. Guidance will likely come down, when the company reports July quarter earnings. Maintain Buy rating, but with our new $21 price target.

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