Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Jeffrey D who wrote (2271)	8/12/2002 11:35:08 AM
From: Proud_Infidel	Read Replies (3) of 25522

How can they get away with this? If this is not considered criminal behavior in securities law, it damn well should be: 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. Message 17865230 And less than one week ago!..... Applied Materials ranked No. 1 in a number of categories. Salomon expects the semiconductor equipment maker's revenue to climb 63% in 2003 from its 2002 estimates, while earnings per share is seen jumping 346% from its 2002 EPS estimate of 19 cents a share. Salomon has a price target of $38 on the stock over the next 18 to 24 months, saying that the company is the industry bellwether and is in the best position to capitalize on the expected recovery in the industry. Salomon said the stock may double beyond its $38 price target. The stock traded recently at $13.50. Message 17852791

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