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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 230.17-1.4%Nov 7 9:30 AM EST

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To: Peter Dierks who wrote (15197)6/7/2005 10:34:17 AM
From: Proud_Infidel  Read Replies (1) of 25522
 
Applied Materials Could Gain Market Share In 2006
06.07.05, 10:29 AM ET

Deutsche Bank Securities maintained a "buy" rating and $18 target price on Applied Materials (nasdaq: AMAT - news - people ), citing the company's new inspection tool designed to compete with KLA-Tencor (nasdaq: KLAC - news - people ). "As widely anticipated, Applied Materials launched a new brightfield inspection tool to compete with KLA-Tencor in the single largest process control market segment," Deutsche Bank said. Applied Materials said its new solid state laser platform gives it a technical advantage over competitors such as Hitachi (nyse: HIT - news - people ), Negevtech and TSK. "We believe it is too early to judge the merits of the system on the limited data shared," Deutsche Bank said. The research firm said transitions take time in the market, even if Applied Materials' new UVision technology is superior to currently available tools. "Accordingly, we don't expect to see noticeable market share changes in 2005, but rather view this as a 2006 story," Deutsche Bank said. The research firm reiterated fiscal 2005 and 2006 earnings-per-share estimates on Applied Materials of 64 cents and 80 cents, respectively.
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