Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Sabatini who wrote (19138)	5/3/1998 11:47:00 PM
From: Paul V.	Read Replies (2) of 70976

Joe, >Frankly, I don't see how AMAT can't underperform over the next 1-2 years. Intel has said that they will not begin upgrading to 300mm for another 2-2 1/2 years. And it won't all be done at once. They plan on running several process sizes side-by-side for some time. The good part is that a move to 300mm on a line will require upgrading almost all of the equipment.< Trying to predict what AMAT prices will be in the future is very difficult to predict. When earnings were high prices were low and when prices were high earnings were low. The reason, IMO, is that with the AMAT Wall Street looks 6-9 months ahead. For interesting reading, see the AMAT current Value Line, date April 24, 1998. Quoting the last sentence, " If our 2001-2003 projections are near the mark, this timely issue offers appreciation potential well above the average for all stocks." With the Value Line AMAT EPS for the above range of $3.35 X 35 pe you have $117.25. With a 45 pe you have $150.75. And, with the highest AMAT 50 PE you have $167.50. During the last AMAT cycle Value Line was <:>far behind<lb> AMAT's prices run up. Just my opinions. Paul V.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next