Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Return to Sender who wrote (18974)	5/17/2006 8:25:57 PM
From: Proud_Infidel	Read Replies (1) of 25522

From Standard & Poor's Equity Research Applied Materials (AMAT) : Ups to 5 STARS (strong buy) from 4 STARS (buy) Analyst: Michael Kaplan April quarter EPS of 26 cents vs. 18 cents beats our 22 cents estimate. Revenue rose 21% from both a year ago and the January quarter, and gross margin rose 140 basis points from the January quarter to 46.5%. Orders rose 22% from the January quarter and we think strength was broadly based. Applied Materials plans continued share buybacks in the July quarter. We see quarter-to-quarter revenue up 10% for the July quarter, at the top of guidance. We agree with Applied Materials's view that recent industrywide strength is driven by rational investment, and is sustainable. We are upping our fiscal year 2006 EPS (Oct.) estimate by 4 cents to 94 cents, and look for fiscal year 2007 at $1.28. Our 12-month target price remains $26.

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