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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: Gottfried who wrote (12955)	12/11/1997 1:38:00 PM
From: fred woodall	Read Replies (1) of 70976

Prudential Lowers'98 est. (Maintains buy rating) Analyst Milind Bedekar tells salesforce cutting $2.14 '98 EPS est. to $1.79 as result of pending sharp Korean cutbacks. Sees $2.28 '99 EPS. Notes: Maintains buy, but thinks investors need to be patient with stock. Stocks like AMAT will begin to discount 2H '98 DRAM supply/demand balance. Possibility of strong 99'. Nov. 14th AMAT raised F98 $2.15 from 2.08. Has anyone heard from them since?

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