Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

Nov 18 3:59 PM EST

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To: Jacob Snyder who wrote (21510)	7/10/1998 10:16:00 PM
From: 16yearcycle	Read Replies (1) of 70976

A snip from The Street.Com. We may have found an honest man: the analyst admits to being long but says business may not turn until 2nd half of 99. --------------------------------------------------------- Top Stories: Surprise! Applied Materials Preannounces By Eric Moskowitz Staff Reporter 7/10/98 6:19 PM ET As TSC predicted yesterday, semiconductor equipment leader Applied Materials (AMAT:Nasdaq) said it won't meet earnings estimates when it reports third-quarter results Aug. 11. Steve Wing, an analyst with the Colorado-based money management firm American Frontier Financial, says that after talking with one of Applied's biggest customers -- Helix Technology and its financial chief, Michael El-Hillow -- things might not get better for Applied Materials for a while. El-Hillow "thinks things for AMAT won't be getting better until the second half of 1999," says Wing. "The equipment companies still are having excess inventory problems from building up all that manufacturing capacity in 1994 and 1995." Still, he adds, there is such value at the Santa Clara, Calif., chip-equipment maker that his firm is buying the stock on this bad news. "We think on an 18-month price horizon this stock can double or even triple from these levels," says Wing, whose firm has a long position on the stock, which rose 1/2 to close at 29 1/2 Friday.

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