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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 230.77+0.9%Nov 12 3:59 PM EST
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To: Gottfried who wrote (8325)12/16/2003 8:39:32 AM
From: Gottfried  Read Replies (2) of 25522
 
4:57 am PT Merrill Lynch raises 2004 semi growth forecasts : Merrill Lynch raises their semi device and semi capital spending forecasts for 2004, saying their macro analysis and bottom-up survey work suggest that current ests are too low. Firm raises their 2004 semi device rev growth forecast to 23% from 18%, and raises their 2004 semi capital spending growth est to 30% from 27%; however, firm notes that the higher base for 2004 results in a slower growth forecast for 2005.

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