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Politics : Formerly About Applied Materials

AMAT 220.28

-6.4%

Nov 20 3:59 PM EST

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To: Proud_Infidel who wrote (27359)	12/22/1998 12:03:00 PM
From: Jeffrey D	Read Replies (1) of 70976

Brian/Gottfried/all, Credit Suisse analysis of AMAT after Consilium purchase. Gottfried, I know you appreciate the analyst's pronouncement that we "acquire the stock prior to 02/11/99..." Guess we better comply, huh? Jeff << * AMAT announced the completion of its acquisition of Consilium last Friday, 12/11/1998. Each share of Consilium was exchanged for 0.165 of a share of AMAT's common. AMAT issued approximately 2MM shares to complete the transaction. Consilium will operate as a wholly-owned subsidiary of Applied Materials. * This move is part of AMAT's strategy to become a larger player in Yield-Management. Consilium provides AMAT with automation software to compete with KLAC, BRKS and EGLS. * Q1's order guidance at AMAT remains at $600-675MM, while we are looking for $685MM, with upside as activity is poised to lift in Taiwan. Reiterate our BUY rating. Acquire the stock before the Feb. 11 Q1:F99 earnings release. >>

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