Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 317.97

-2.8%

Jan 20 3:59 PM EST

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To: Gottfried who wrote (6732)	8/13/2003 12:07:03 PM
From: Proud_Infidel	Read Replies (2) of 25522

11:44AM Applied Materials upgrade details (AMAT) 18.89 +0.44: --Update-- CIBC issued positive comments on AMAT this morning on heels of co's Q3 earnings report. Firm believes that better Q3 results & above average bookings momentum provide confirmation of superior fundamentals ahead for the bellwether. Believes that strengthening backdrop continues to add visibility into '04 and above average confidence in technology-driven retooling cycle from which AMAT foremost beneficiary. Believes investors should accumulate stock now for 50% upside to yr-end. Price target goes to $27 from $20.

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