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: Gottfried who wrote (25768)	10/27/1998 10:34:00 AM
From: blake_paterson	Read Replies (1) of 70976

Gottfried: Thanks for the numbers. I never cease to be amazed by this sector. Witnesseth: ABN and Van Kasper seem to have ignored the 4Q charges. I guess that charges "don't count" when they're pushing upgrades and (possibly) liquidating their portfolios for FY end. Do the rules change when they switch their positions? <ggg> On a less cynical and more professional note: 1. The ominous thing about deemphasizing these charges is, of course, the opportunity to massage bad operating numbers into them. Nothing nefarious, just good business practice. But if we "ignore" the charges, we certainly will have an interesting time w/ the white rabbit as we stare thru the looking glass. Fails my reality check. 2. They've reduced '99 while maintaining '98 as high as they can. If we are paying for future PE's and have already factored in present and past performance, then how do we justify these multiples? If you accept Van Kasper's numbers @ face value: Calendar EPS Summaries Current Fiscal Year EPS Summaries 4Q Ago EPS: $0.47 Actual Est 3Q Ago EPS: $0.60 Q1 EPS: $0.60 Jan-98 2Q Ago EPS $0.37 Q2 EPS: $0.37 Apr-98 Last Q EPS: $0.13 Q3 EPS: $0.13 Jul-98 Present Q EPS* ($0.01) Q4 EPS: * ($0.01) Oct-98 * (estimated) "Running" EPS $1.25 YTY EPS Growth Rate -13% "Running" PE 27.2 Current FY EPS $1.09 YTY EPS Growth Rate -53% Current FY PE 31.2 Next FY EPS $0.51 Next FY PE 66.7 Future PE approaching 70 and I don't think that we're done w/ downward revisions. Boy, it sure would be nice to have a 4Q earnings consensus on this thread and a discussion about how to factor in the charges. <ggg> Regards, BP

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next