Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.77

+0.9%

Nov 12 3:59 PM EST

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To: Proud_Infidel who wrote (26402)	11/17/1998 9:23:00 PM
From: Proud_Infidel	Read Replies (2) of 70976

Misc notes from the CC: - "Business has stopped getting worse" - Cash increased by 176M in Q3, now represents 36% of company assets - Customers beginning .18 purchases - Larger, dominant DRAM makers making selected investments - Fixed costs as a % of revs highest in the cycle - "Clear leader in CMP and HDP-CVD for '99" - .25mu and below represented 73% of sales - DRAM up to 40% of sales(up from mid 20's in Q3) - Bought back 410,000 shares in Q3 with 10.5M(avg price=$25.60) - YTD stock repurchases= $153M - #1 etch supplier and believe they can retain this for '99 - Well positioned for Oxide etch, which represents 50% of the entire etch market - IPS for Damescene- only hotwall etcher in existence **GUIDANCE for Q1 - Expect flat revs for 99, with the improvement coming in 2H - Expect 16-17% LT growth rate for sector - Do not expect 2H99 to be as strong as 1H98 - Orders for Q1- 600-675M - Revs for Q1 600-650M - GM in the low to mid 40's - Breakeven to slightly positive for operating earnings Quotes from J Morgan** - "toughest year I've seen" - "Every chip made on AMAT equipment" - "clearly have the opportunity to reach the 10-12B level early next Century"

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