Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 223.31

-3.2%

3:59 PM EST

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To: robert b furman who wrote (7472)	10/10/2003 8:15:06 AM
From: Proud_Infidel	Read Replies (2) of 25522

7:28AM Applied Materials added to Merrill Lynch's Focus 1 List (AMAT) 20.55: Merrill Lynch adds AMAT to their Focus 1 List, saying the co is well-positioned at the start of the cycle for several reasons: 1) broad product portfolio provides extra leverage to technology and capacity buys, 2) leverage to an accelerating Taiwan, 3) co has used the downturn to reshape itself into a leaner co and should see strong margin leverage as orders increase, 4) firm's analysis shows an increased likelihood for industry growth in excess of 25% in 2004, with the potential for follow-on growth in 2005, and 5) Q4 is on track and orders are on the rise. Target is $27.50. Keep in mind that this is the same firm which said AMZN was a strong buy while at the same time calling it a piece of trash behind closed doors.

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