Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 225.18

-1.5%

3:59 PM EST

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To: Proud_Infidel who wrote (2530)	8/19/2002 10:59:42 AM
From: Gottfried	Read Replies (1) of 25522

Fitzgerald, a simple search for his name on this thread yielded these quotes - amongst others... Fitzgerald said he expects to make significant upward revisions to his earnings and revenue estimates for 2002 and 2003 in light of CoorsTek's first-quarter results and guidance Wednesday. He has been projecting $320 million in revenue for 2002 and a loss per share of $1.18. The Thomson Financial/First Call consensus estimate from analysts is a loss of 67 cents for 2002. Fitzgerald has been projecting revenue of $410 million and earnings of 80 cents per share for 2003. The Thomson Financial 2003 consensus estimate is earnings of $2.06 per share. Message 17379394 9:38 (Dow Jones) Banc of America Securities analyst Mark FitzGerald thinks Wall Street's expectations for Applied Materials' (AMAT) order guidance has gotten "incredibly bearish." "We think its overshooting on the negative side," says the analyst. Applied Materials is slated to report earnings after the close of trading Tuesday. While many analysts expect the company to meet estimates, they fear AMAT's order forecast will call for orders to decline 20%, much lower than its peers, which have targeted orders to come in anywhere from flat to down 10%. FitzGerald, however, thinks Applied Materials guidance for orders will fall in the range of other chip equipment companies and could lead to a "small relief rally." AMAT up 1.5% at $13.77. (DLF)>> Message 17871566 "Our view is the stocks aren't expensive," said Banc of America Securities chip equipment analyst Mark FitzGerald. Message 17887146

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