Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 257.02

-1.1%

3:59 PM EST

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To: Proud_Infidel who wrote (7002)	8/29/2003 10:09:56 AM
From: runes	Read Replies (1) of 25522

<<Novellus might miss Q3 sales goal>> Well that explains this little article - "Novellus isn't overpriced - T.Rowe Price Analyst" on the Dow Jones realtime news wire. (Sorry no link and I can't cut and paste it). It goes on to rationalize that NVLS makes $2 of free cash flow in an upturn which works out to a present PE of about 20. I.E. the stock is currently fairly valued IF we get to a full upturn without any detours. Sounds to me like one of those upbeat analyst BUY! (while I sell) signals. And dare I mention that AMAT is going to be trying to eat NVLS's market share along the way?

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