Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: robert b furman who wrote (11681)	10/11/2004 9:44:58 AM
From: matt dillabough	Read Replies (1) of 25522

AMAT Applied Materials: Bear Stearns moving estimates further below consensus (16.13 -0.08) Bear Stearns is further reducing its estimates on Applied Materials further to reflect continued caution from semiconductor manufacturers. While there are three weeks left in the qtr, firm believes that Applied's ability to meet revenue guidance is more challenging. The flat to up 5% revenue guidance is at risk and while Bear Stearns was already below that level firm is reducing its estimate further.. Reducing estimates from $2.1 bln to $1.9 bln for that qtr (Reuters consensus $2.3 bln). From there firm believes that there could be a relatively stable revenue stream before growth resumes... believes that the stock could re-test recent lows but continues to think that buy interest appears below $16. Firm's year end 2004 target price is now $22 reduced from $27.

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