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 (7421)	10/6/2003 9:02:45 AM
From: Proud_Infidel	Read Replies (2) of 25522

As a side note, I believe BA is the most Bearish on AMAT and the sector. FWIW, since I trust all analysts even less than I did 4 years ago, but post this bc it is specific to AMAT and the sector. But I have thought of stopping ALL posts relating to analyst action/commentary. 8:42AM Applied Materials rev estimate trimmed at BofA (AMAT) 19.46: Banc of America trims their Jan qtr rev guidance to $1.19 bln from $1.25 bln, vs consensus of $1.25 bln, to reflect a more modest ramp in revs over the next several qtrs; firm says the improvement in new orders is not translating into an immediate ramp in revs, and notes that some of the large new orders such as Inotera and SMIC have delivery dates that stretch into the middle of 2004; however, firm says ongoing cost cuts will likely provide better leverage, and raises their FY04 EPS est to $0.50 from $0.49 (consensus $0.46). Firm says the stock is expensive, and says 2004 EPS ests must double to support a higher target price (current target is $19).

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