Jacob,
< Last quarter, Applied Materials earned $141 million, or 37 cents a share, on sales of $1.1 billion. In the third quarter of 1997, it made $186 million, or 49 cents a share, on sales of $1 billion. >
Am I missing something? On sales of 850 billion profit will be 158.1 mil. or 41.65 cents a share. OK, let's say there are few more shares outstanding, profitability will be slightly less, but -....?
Where am I wrong?
Other thought: It seems to me, that the only issue everybody on this thread agree is that the turnaround is inevitable, the only variable being the date. I'm not so sure about it. Cyclical it is, but there are so many macroeconomic and macrosocial events that might be of great influence, especially taking into consideration time frame we are talking here (12 - 18 months), that one just cannot say: "Oh, I know, I'll make 200% on it in the next three years". Too far.
Just midnight banter.
VH |
