Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

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Nov 14 9:30 AM EST

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To: A. Edwards who wrote (28326)	2/17/1999 12:21:00 AM
From: Stefan	Read Replies (1) of 70976

I would call it a set up or the management does not know their business. CEO has called for the $600 mil. in new orders last quarter but actual numbers are 50% higher. Can you trust him on the new projections? From Street.com Three months ago, Morgan told investors the company would likely produce some $675 million in new orders in its first quarter ended Jan. 31. Then, analysts in close contact with the company started calling for numbers closer to between $800 million and $950 million. New orders are the lifeblood of a semiconductor equipment company. And new orders at Applied, the bellwether equipment maker, give a pulse on the health of the sector at large. After Tuesday's market close, Morgan held a conference call to discuss first-quarter earnings. Knowing that he'd blow away all Wall Street estimates, he had to be looking pretty smug. Applied saw $1.03 billion in new orders, topping even the most bullish estimate by about $80 million, and exceeding the company's original guidance by more than $350 million.

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