Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.34

+0.9%

Nov 28 12:59 PM EST

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To: Proud_Infidel who wrote (19363)	5/13/1998 10:50:00 AM
From: Brad Rogers	Read Replies (2) of 70976

I can see why the stock is trading higher. From H&Q report issued this morning: "On the conference call, managment was very conservative and declined to comment on where they believe order rates would bottom. However, we are seeing indications that industry order rates will pick up in the summer and continue to believe that bookings for the companny will trough in Q3:F1998 (july). Applied guided for bookings of $850 m to $1b for its third quarter." H&Q reiterated "buy" rating: "our 12-month price target is 25 tiems our CY 1999 estimate of $1.80 or $45." comment?

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