Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: Duker who wrote (29984)	5/7/1999 6:00:00 PM
From: Jeffrey D	Read Replies (1) of 70976

As you know, H&Q initiated coverage with a buy rating. Here is their announcement. Note analyst says expectation of a substantial upside potential of EPS above street extimate of .26. Hmm, I wonder what number he actually has in mind? Don't know, but I'd guess above .30. Jeff << Applied Materials, Inc. (AMAT) BUY $57.43 1998 A 0.61 1999 E 1.18 Gus Richard grichard@hamquist.com Expecting excellent quarter. Initiating coverage with BUY rating. We are initiating coverage of Applied Materials with a BUY rating. We believe the company will most likely announce an excellent Q2 on May 18, with significant EPS upside compared to street consensus of $0.26, and bookings possibly exceeding 1.3 billion. Fundamental strengths at Applied will confirm and reinforce our view that business in the equipment sector is continuing its rapid recovery unabated, despite uncertainties associated with DRAM pricing and PC demand. >>

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